Word: upturn
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Dates: during 1990-1999
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...approval. He did lead the party to a surprise, come-from-behind victory in the 1992 election--albeit with considerable help from an overconfident Labour campaign. Major has helped broker progress toward peace in Northern Ireland, a considerable achievement. He can also be credited with overseeing a striking economic upturn. Economic growth is strong, exports are booming, and unemployment is at 8.5%, one of the lowest levels in the E.U. This robust performance is dampened only by a continued weakness in the housing market, which means many erstwhile Tory voters are saddled with burdensome mortgages after the bursting...
...sometimes the art of making possible what is necessary." Specifically, he has called for a major audit of state spending to identify and eliminate waste. He also intends to use proceeds from privatization to draw down the national debt. But he is mainly hoping for a sharp upturn in economic growth, now running at a modest 2.6% annually, to generate more jobs and tax revenues...
...Commission will lift the last of the restrictions that for years have prevented the networks from owning more than a small portion of the programming they air and from selling reruns of those shows on the syndication market. The new business opportunities that this opens up, along with an upturn in the advertising market and a healthy profit picture (the three networks combined made roughly $600 million last year, an increase of 30% from 1993, according to Broadcasting & Cable Magazine), have turned the networks into hot properties on Wall Street. At least two of the Big Three...
...TIME Board of Economists predicted that the upturn will spread its benefits more broadly next year as companies reinvest their profits in plant and equipment that creates new jobs. That should help raise standards of living from Boston to Burbank, the economists said. "For Main Street America," Sinai declared, "the best is yet to come...
Despite the obvious fragility of the optimism, no one should discount the most heartening sign of all -- the fact that the mood of businessmen and investors is shifting, however delicately. The most unfathomable aspect of any upturn involves psychology: the more reasons people find to be hopeful about the economy, the more likely they are to act upon them. Economic indicators will flutter back and forth, but for the first time in years, the signs and statistics are drawing a sizable contingent of optimists...