Word: boom
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...beyond autos and housing. Retailers suffered a sharp 1.5% drop in sales last month; many are anticipating lackluster business in their all-important Christmas season. The electronics firms of northern California's "Silicon Valley," which make microchip components for computers, have for years been riding a heady boom, but now their profits are plummeting. Employment and spending by state and local governments kept a sturdy prop under the national economy during many previous recessions, but now they too are falling, in part because Reagan's budget cuts have reduced the flow of federal cash...
American bishops lobbied strenuously to keep their privilege in the new code. An American member of the canon law commission, Archbishop Joseph L. Bernardin of Cincinnati and his canon law adviser, Monsignor John A. Alesandro of Garden City, N.Y., say that the boom in U.S. annulments is the result of social factors. They cite the high number of divorces and the high number of mixed marriages in American society. U.S. annulments now will drag out somewhat, agrees Bernardin, but he says, "We feel this is something we can work with." To which Alesandro adds, "We're not handing...
There is an element of suburbanite garage sale-flea market economic chic in the new bartering boom. Many traders admit to a strong pride in managing their lives with little money. Says Betty Cordell, 39, owner of a Barter Systems franchise in Atlanta: "I would not pay cash for a haircut, for cosmetics or dry cleaning, dental services, medical services or other costs of everyday living...
Nothing quite like it has ever been attempted in space. As the gleaming white-and-black orbiter hurtles across the skies, a long, mechanical arm, rather like the boom of a cherry picker, will emerge slowly from the spacecraft's cargo bay. Bending and flexing its metallic muscles, the multijointed limb will reach out into space almost as if it were guided by an independent intelligence...
Defense-related research is a boom business on American campuses in these days of wine and silos. At Harvard, men and women work on all kinds of assignments. They are all brilliant, and most of them are moral, or so they think. But they muck around their labs with Air Force dollars or send their proposals to the Air Force. Yes, they have plenty of debater's points--all the research is openly published, so anyone can get their hands on it. No classified work is allowed. But doing defense-related work implies that the professor has accepted the basic...