Word: techs
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Dates: during 1980-1989
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Before energy prices collapsed, the conventional wisdom held that America's economy was being split along have and have-not lines: a prosperous Sunbelt and a rusting Frostbelt. Now, however, there is talk about a different sort of "two Americas." In the new version, the haves are the high-tech industries and financial-service firms stretching from New Hampshire down the Eastern seaboard and from California's Silicon Valley down to Orange County; the have-nots include the farmers, energy producers and heavy manufacturers in between. The split that some see emerging counterposes booming coasts against a problem-plagued heartland...
...record $148.5 billion last year and is running even higher in 1986. Their purpose seems to be to build support for import-limiting legislation. But the trade deficit has hurt farmers, who have lost foreign markets, and smokestack industries, beset by import competition, far more than service and high-tech businesses...
...however, the 150 million-year-old Archaeopteryx has apparently been dethroned by a specimen named Protoavis ("first bird"), which lived 75 million years before Archaeopteryx. Last week's announcement was based on two fragmentary fossil skeletons found in the arid badlands of western Texas in 1984 by Texas Tech University Paleontologist Sankar Chatterjee. They suggest that Protoavis was a contemporary of the earliest dinosaurs. "If the identification is correct," says Yale Paleobiologist John Ostrom, who has examined the crow-size remains, "it has to send us back to the drawing board...
...this California-style Riviera is a 38-sq.-mi. wedge of land stretching from the Pacific Ocean to the Santa Ana Mountains and harboring the thriving towns of Newport Beach (pop. 67,000), Costa Mesa (88,000) and Irvine (89,000). It includes a constellation of some 700 high-tech firms -- making Orange the U.S.'s fifth largest high-tech complex. Its economic output, according to Economist James Doti, is expected to reach about $50 billion this year, vs. $13.5 billion in 1975. The county's economy has grown twice as fast as the nation's in the 1980s. Last...
...makes up for in intensity," observes a reporter aboard an American frigate that has just repelled a Soviet missile attack. The same could be said of Tom Clancy's new military thriller, Red Storm Rising. In this version of blocs in conflict, the most compelling actors are the high-tech weapons that Clancy portrays with deadly accuracy...