Word: magically
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Dates: during 1980-1980
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Today the same people incarnate modern Arab lore emerging from the magic elixir of oil. The oil price boom in 1973 began barely two years after seven gulf emirates-Abu Dhabi, Dubai, Sharjah, Ajman, Umm al Qaiwain, Ras al Khaimah and Fujairah-set aside tribal quarrels to form a loose federation. The cornucopia of oil money has yielded perhaps the highest per capita income in the world for Emirates citizens (in excess of $100,000 a year) and created a cradle-to-grave welfare state. But the Emirates face the most serious population imbalance in the region: of a population...
...York, which has eight departments (including one named In Flight) selling jumpsuitery, they come in soft, billowy silks and satins, polished cotton and gabardine, velvet and crepe de Chine in art deco prints. Head-turning hues include purple, burgundy, fuchsia, aubergine, white and that ol' black magic...
...poor performance of the American economy. Carter, Reagan and Anderson have all offered vote-catching solutions for the problems of inflation, unemployment, energy shortages and declining productivity. Will the results match the rhetoric? "Not a chance," says M.I.T. Economist Lester C. Thurow. "Everybody is looking for a magic button, and there...
...most provocative economic books of the year, The Zero-Sum Society (Basic Books; $12.95), Thurow, 42, analyzes the present U.S. economic paralysis. Instead of magic buttons, he offers stringent challenges: lower levels of personal consumption, some higher taxes and less Government aid to failing companies. Thurow's solutions for the nation's ills are based on a concept borrowed from games' theory called the zero-sum game: if someone wins, someone else will have to lose. Poker, for example, is a zero-sum game. If builders beat inflation by using low-cost foreign steel, some American steelworkers...
Stutz is planning to take some of the Bendel magic to other cities. Within a year or so, the intimate and elegant first-floor street of shops will start being copied in new stores in Los Angeles, Houston, Dallas and other high-income cities with high-fashion aspirants. Says she, confidently: "Our merchandise is absolutely suited for those places. We have a stocking department that does $500,000 a year in business because we have hosiery in a dozen colors that nobody else...