Word: recessional
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Dates: during 1990-1990
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Wherever there is sincerity, though, hypocrisy generally tags along. For a warmup, a brief list of the Year's Best Euphemisms for Recession:
The nationwide economic slowdown has deeply cut into revenues from state corporate and income taxes while also leading to cautious consumer spending that reduces the take from sales taxes. Meanwhile, outlays have been rising sharply for bridge and highway maintenance, prison construction and new schoolrooms for the second wave of...
CONNECTICUT has an 8% sales tax, one of the nation's highest, which once compensated handsomely for the fact that the state had no income tax. With consumers on a buying binge, the state could afford to let spending rise 59% between 1984 and '88. Then recession hit, the shopping...
Fears of war and recession dampen holiday spirits. -- The states struggle to balance their budgets. -- A controversial flip-flop over minority scholarships greets a new Education Secretary.
BUSINESS: How bad will the recession get?