Word: gapped
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Dates: during 1980-1989
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Every country has its rich and poor, but in Latin America the gap between them is especially vast and is growing worse. The richest 20% of families enjoy a more extravagant life-style than that of the upper class in such industrialized countries as the U.S. and Japan. On the other side is an enormous group, 60% to 80% of the population, whose situation is approaching the despair of sub-Saharan Africa or Bangladesh. Of Argentina's 32 million citizens, close to 10 million are below the poverty line (a family income of less than $100 a month...
...Soviet Union has a glut of cash, a so-called monetary overhang, which has ballooned under Mikhail Gorbachev because the Soviet government has run increasingly large budget deficits to maintain social peace by subsidizing prices for essential goods and services. The government prints more money to cover the gap, which in a free-market economy would increase inflation. But under the severe price controls of a command economy, the money has no place to go but under the mattress. Jan Vanous, research director of PlanEcon, a Washington-based consulting firm, estimates that by the end of 1989 the store...
Goldin, whose latest book Understanding the Gender Gap: An Economic History of American Women will be released in January, said she plans to visit the University later this month to meet department members and discuss a possible contract with Dean of the Faculty A. Michael Spence...
...seven-year U.S. economic boom has produced great rewards, but they have not been distributed equitably. In a report issued last week, the Census Bureau found that the gap between rich and poor is widening. On the basis of a survey of 58,000 households, the bureau estimated that the poorest one-fifth of U.S. families received 4.6% of total income -- the lowest percentage since 1954. By contrast, the wealthiest one-fifth of families accounted for 44% of the income -- the highest share ever recorded...
...officials gave up and called in equipment to lift off the slabs. The next night, engineers attached a cable to a pillar at a particularly fragile point of the wreckage to test the structure's ability to sustain the weight of more workers. The rubble shifted, opening a larger gap. It was a prelude to a miracle...