Word: upturn
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Dates: during 1980-1989
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...nutshell, the American voter perceives a trade off between equity and efficiency and assumes that Ronald Reagan's assault on the former will pay off in the latter. The recent upturn in the economy can only enhance this perception Democratic yelping about fairness thus appears, in Penn-Schoen's words, "little more than a rehashing of the tired Democratic theme of more Government spending for the poor--the old big-spending liberal ideas that many swing voters rejected in 1980." And as a result, surveys indicate that fully half of union members prefer Reaganomics to old-time Democratic social spending...
...Upturns in the market have presaged recoveries during all eight postwar recessions (indicated above in red). "On the average, the market is five months ahead of an upturn in the economy," says Barton Biggs, chief portfolio strategist at Morgan Stanley & Co., '"and it did it again." Moreover, the market was not fooled last spring, as many economists were, when the economy made a brief uptick, only to sink back into the doldrums...
Paradoxically, Kohl has also suffered from his brief period of incumbency. With monthly business failures hitting an alltime high of 1,257 in December and an unemployment rate of 10.2%, many voters are blaming Kohl for failing to arrange a quick upturn in the economy, though the new Chancellor has had little time to make much difference in the face of unavoidable economic difficulty...
...office towers rise in curvilinear splendor. On the West Side, the first of a series of high-tech parks has opened, with two genetic-technology firms as the first tenants. Plans for the 1992 World's Fair are under way. Indeed, a local business publication predicts a spirited upturn this year and says the long-term future looks even brighter. Still, in the other part of Chicago, the old world of smokestacks and stockyards, the recession dominates. The city has lost 160,000 jobs in the past decade, mostly in manufacturing. The steel mills that rim Lake Michigan from...
...global upturn lies months, possibly even years, away. In the meantime, experts are trying to move beyond the Band-Aid measures applied in recent weeks. Few ideas are completely worked out or indeed acceptable and appealing to all. Among the proposals...