Word: grossed
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Dates: during 1990-1990
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...gross national product will shrink at an annual rate of 2.5%, after adjusting for inflation, in the fourth quarter, and show smaller declines in the first half of next year, according to TIME's panel. (The economy grew at an anemic 1.4% rate in the July-September quarter.) The downturn would meet the official definition of a recession, which is at least two straight quarters of falling GNP. The panel said the U.S. appeared likely to resume slow growth by mid-1991 as the Federal Reserve Board lowers interest rates to stimulate business activity. That scenario would amount...
...regard for the environmental consequences. Only this year was the scope of the resulting ecocatastrophe revealed to the world. Zoltan Illes, Hungary's Deputy State Secretary for Environment and Nature Protection, estimates that health problems and loss of production because of air and water pollution reduce his nation's gross domestic product more than...
...Adrianne Jucius Navon, Nancy Newman, Susan M. Reed, Elizabeth Rudulph, Zona Sparks, William Tynan, Sidney Urquhart, Susanne Washburn (Senior Staff); Elizabeth L. Bland, Kathleen Brady, Barbara Burke, Wendy Cole, Tom Curry, Nelida Gonzalez Cutler, Sally B. Donnelly, Andrea Dorfman, David Ellis, Kathryn Jackson Fallon, Mary McC. Fernandez, David M. Gross, Janice M. Horowitz, Jeanette Isaac, Sinting Lai, Daniel S. Levy, Lawrence Mondi, Michael Quinn, Jeffery C. Rubin, Megan Rutherford, Andrea Sachs, Patricia Santella, Sophfronia Scott, David Seideman, Sribala Subramanian, David E. Thigpen, Leslie Whitaker, Linda Williams, Linda Young
Upscale discount megamalls were perhaps inevitable, given these cash-poor yet image-conscious times. Since 1978 the industry has mushroomed from just seven outlet centers to more than 280, with gross sales estimated at as high as $18 billion. Last year sales for outlets and off-price stores rose 10% to 12%, about double the rate of increase at ordinary retail stores...
...Adrianne Jucius Navon, Nancy Newman, Susan M. Reed, Elizabeth Rudulph, Zona Sparks, William Tynan, Sidney Urquhart, Susanne Washburn (Senior Staff); Elizabeth L. Bland, Kathleen Brady, Barbara Burke, Wendy Cole, Tom Curry, Nelida Gonzalez Cutler, Sally B. Donnelly, Andrea Dorfman, David Ellis, Kathryn Jackson Fallon, Mary McC. Fernandez, David M. Gross, Janice M. Horowitz, Jeanette Isaac, Sinting Lai, Daniel S. Levy, Lawrence Mondi, Michael Quinn, Jeffery C. Rubin, Megan Rutherford, Andrea Sachs, Patricia Santella, Sophfronia Scott, David Seideman, Sribala Subramanian, David E. Thigpen, Leslie Whitaker, Linda Williams, Linda Young