Word: productive
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Dates: during 1990-1990
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...clients. Particularly incensed by the lurid resume that adorned Steve the Tramp's packaging, Rose launched a campaign to stamp out the tramp. He got his point across to Disney and Playmates, which have decided to drop the terrifying toy. But the move comes too late to recall the product from retailers' shelves before Christmas...
...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...
Most Successful Product That Grownups Don't Understand Those irrepressible reptiles, the Teenage Mutant Ninja Turtles, inspired children and their parents to shell out more than $1 billion to see the cold-blooded heroes on the big screen and bring home such turtle tie-ins as video games and breakfast cereal. In 1990 a guaranteed way to start a conversation with an eight-year- old was to ask "Which turtle...
Banned Box The foam "clambox" is dead -- long live recyclable paper! Environmentalists urged restaurants to stop using polystyrene-foam packaging, calling the product a toxic hazard and a landfill-clogging waste. In 1990 someone listened: McDonald's promised to phase out its familiar hamburger containers...
...most of the postwar era, hard, tangible American products were the measure of U.S. economic success in the world. Today culture may be the country's most important product, the real source of both its economic power and its political influence in the world. "It's not about a number, though the number is unexpectedly huge," says Merrill Lynch's Harold Vogel, author of the 1990 book Entertainment Industry Economics. "It is about an economic state of mind that today is dominated by entertainment...