Word: techs
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Dates: during 1980-1989
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...made apparel increased almost 10% and totaled $7.1 billion. Longtime suppliers like Taiwan, Hong Kong and Korea are being joined by new ones like Sri Lanka, Malaysia and parts of the Caribbean and Mexico. Since all these countries have access to the same machines and patterns in this low-tech business, their cheaper wages allow them to drive down costs. The typical garment worker in China makes 16? an hour; in Taiwan 57?, and in Hong Kong slightly more than $1. President Sol Chaikin of the International Ladies Garment Workers Union contends that his members "are not fat-cat steelworkers...
...Upper East Side is an example of advanced medical technology. Every year more than 10,000 patients, ranging from infants with leukemia to statesmen with brain tumors, are admitted to this world-renowned research hospital, where they are analyzed, probed and treated by the most sophisticated high-tech equipment available. There are giant X-ray scanners, imaging devices and accelerators for beaming particles on diseased tissues, many operating under computer control...
...buying is not over yet. Since June 16, the Dow has fallen 65 points, to close last week at 1182.83, and there is bound to be more faltering along the way. Certain high-tech stocks have taken a bit of a beating in the past two months and sell for 30% to 50% less than in June. But even with that sharp drop most are still doing very well. Apple Computer, for example, is down to 33½ from a high of 63¼, yet is still way ahead of its 52-week...
...would eliminate Ireland's $1 billion annual oil-import bill and provide a much needed tonic for the country's depressed economy. Irish unemployment is approaching 15%, with no turnaround in sight. The government has created some new jobs by providing tax incentives to high-tech businesses, but at a cost of higher government deficits and more taxes for wage earners. The government's share of potential offshore-oil revenues, which is expected to be between 8% and 16%, would wipe out a significant chunk of Ireland's $1.1 billion budget deficit. Until recently, Ireland...
...with many American innovations, gelato has swirled out from California. In the past year, several scoopfuls of competing companies have opened retail shops in Beverly Hills, Marina del Rey, Studio City and other communities. Some of the stores, notably the dozen or so high-tech outlets owned by the San Francisco-based Gelato Classico chain, cannot meet the demand. Some, like A1 Gelato in Elmwood Park outside Chicago and the art deco Gelati per Tutti on Hollywood's trendy Melrose Avenue, have become landmarks, packing in the pilgrims as thick as the product. In hundreds of supermarkets, brightly colored...