Word: boom
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Looming over all weekly statistical gyrations is the far larger and more important question of what will happen to price trends once the economy does indeed begin to grow again. No one can be sure, yet this time the recession has not interrupted a boom but has come after three years of virtually zero growth in the economy. The long suppression of demand may finally have broken or even reversed the trends that kept prices shooting up throughout the 1970s-some of which may have been burning themselves out anyway...
When TIME Correspondent James Willwerth went to Mexico City in the fall of 1980, he anticipated a fairly quiet tour of duty. Says he: "I foresaw a few stories about the Mexican oil boom, an occasional look at Nicaragua's revolution, and a side trip or two to report on Mayan ruins." He was wrong. "I had been in the region a few weeks," he recalls, "when death squads in El Salvador wiped out the entire leadership of the only center-left group trying to work within that country's system. A few days later, Salvadoran national guardsmen...
...many women pregnant? Is it some side effect of jogging? Microwave ovens? One of the answers is demography. The 37 million-strong cohort of baby boom women is now 25 to 35 years old. As a group, these women marry later than their mothers and delay having children until their education is completed and their careers are established. Many are giving birth to long-postponed babies...
...reversal has come about because of changes both in medicine and in women. The boom in fitness programs has put women over 30 into better shape than ever before. At Baylor College of Medicine, Obstetrician Robert Franklin sees would-be mothers at 40 "in fabulous condition. They're in better health than many younger women." The popular concern for good nutrition has also made a difference. According to Reproductive Biologist Cecil Jacobson, improved diets help "conserve reproductive capacities...
Bottom-line types beef about everything from home recording and sales of blank tape cassettes to the boom in home video games and the counterfeiting of albums. Jules Yarnell, special counsel for the Recording Industry Association of America, estimates that companies lose $800 million every year through counterfeiting, piracy and bootlegging. Walter Yetnikoff, president of CBS Records Group, figures the industry loses 20% of its revenue just from home taping. Jack Reinstein, treasurer of Electra/Asylum/ Nonesuch Records, calculates 400 million albums were taped off the air in 1980 alone, "without any compensation to the artist, the songwriters and publishers...