Word: recordability
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Dates: during 1990-1990
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...good news is that lots of people prospered. This was the age of financial wizards making fortunes in their 20s, and roughly 100,000 Americans became millionaires every year. Michael Milken, the junk-bond king at Drexel Burnham Lambert, set the record by earning $550 million in 1987. The bad news is that while the top 20% of American families' earnings rose more than $9,000 (after adjustment for inflation), to an average of nearly $85,000, the bottom 20% dropped by $576, to a hungry $8,880. The Government estimates that 32 million Americans -- 12.8% of the population -- live...
...devil should you be quoting Felix Rohatyn, who has an absolutely failed record of doomsday predictions?" asks Milton Friedman, Nobel- prizewinning economist at the Hoover Institution at Stanford. "The U.S. economy is fundamentally very healthy, and there's no reason why the '90s shouldn't be just as good as the '80s, or better. There's no reason why we shouldn't have a decade of rapid growth and relatively low inflation...
...money supply in 1980-81. That also touched off the worst recession of the postwar era, bringing unemployment rates of more than 10% (25% in some areas and industries). President Reagan helped end the downturn by cutting taxes in 1981, which created huge deficits but also launched a record boom that hasn't finished...
...works of almost all major artists, from Rachmaninoff to the Rolling Stones, are being released in the new format. At up to $18 a pop, CDs are costly, but the tones they produce are astonishingly crisp and clear. Pressed between CDs and cassette tapes, the venerable vinyl long-playing record is being relegated to memory lane...
Most likely to leave you hanging in suspense. Tonight's the final installment of a 34-episode Masterpiece Theater series, and the boss wants you to entertain clients. But no problem! That's why you -- and millions of other Americans -- bought the videocassette recorder with the one-month, eight- program calendar timer and standby one-touch record. Once you have mastered the owner's manual, a lifetime task for some, you just shove in a tape and press a few dozen buttons. What could go wrong...