Word: stagnant
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Dates: during 1980-1989
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...seeking alternatives. A minority of environmentalists and others opposed to nuclear power and the deployment in Europe of U.S. medium-range nuclear weapons have drifted leftward. A greater number have moved to the right in protest against the ever increasing tax burden needed to maintain extensive welfare programs in stagnant economies. In September, Denmark got its first conservative Prime Minister in 81 years, Poul Schlüter, who immediately pushed through an austerity program. Belgium's Christian Democratic Prime Minister Wilfried Martens took office a year ago with the avowed aim of cutting back government spending. In a welter...
...recent jump in Harvard's portfolio value follows a basically stagnant year of investing for almost all universities...
What has really hurt the giants more than anything else, though, is that cosmetics has become a relatively stagnant industry. During the 1970s, annual sales grew to about $10 billion, but the growth rate since has slowed considerably. Changing social conditions have affected sales: potential new customers, in the form of women entering the labor force for the first time, are not quite so numerous as they used to be. Says Roger Shelley, a Revlon vice president in charge of corporate affairs: "That kind of shot in the arm is missing now, as we look forward into the 1980s...
What caused Reagan to reverse field, with the economy essentially stagnant and nearly 10 million Americans unemployed, was a crippling fear that deficits over the next three years could reach $500 billion if no adjustments were made in his program. In order to keep at bay this looming behemoth and bring interest rates down, Reagan accepted the need to raise new revenues. This pitted him against some of his usually most ardent supporters, like Congressman Jack Kemp of New York, who argue the supply-side theory that only by reducing taxes can the economy expand. The dispute, said Kemp...
Interest rates are falling now because the stagnant economy has depressed the borrowing demands of both consumers and businessmen. That lack of demand, in turn, has enabled the Federal Reserve to ease up on its tough control of the money supply without running the risk of fueling inflation again...