/ TIME: Almanac 1993 / TIME Almanac 1993.iso / time / caps / 80 / 80capeb.1

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|00000040| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000050| 4a 61 6e 75 61 72 79 20 | 35 2c 20 31 39 38 31 01 |January |5, 1981.|
|00000060| 01 45 43 4f 4e 4f 4d 59 | 20 26 20 42 55 53 49 4e |.ECONOMY| & BUSIN|
|00000070| 45 53 53 01 01 4c 65 61 | 76 69 6e 67 20 31 39 38 |ESS..Lea|ving 198|
|00000080| 30 20 6f 6e 20 61 6e 20 | 55 70 62 65 61 74 20 4e |0 on an |Upbeat N|
|00000090| 6f 74 65 0d 0a 0d 0a 0d | 0a 53 6f 6d 65 20 69 6e |ote.....|.Some in|
|000000a0| 74 65 72 65 73 74 20 72 | 61 74 65 20 72 65 6c 69 |terest r|ate reli|
|000000b0| 65 66 2c 20 61 6e 64 20 | 43 68 72 69 73 74 6d 61 |ef, and |Christma|
|000000c0| 73 20 73 61 6c 65 73 20 | 65 6e 64 20 77 69 74 68 |s sales |end with|
|000000d0| 20 61 20 73 75 72 67 65 | 0d 0a 0d 0a 0d 0a 41 6d | a surge|......Am|
|000000e0| 65 72 69 63 61 6e 20 62 | 75 73 69 6e 65 73 73 6d |erican b|usinessm|
|000000f0| 65 6e 20 77 69 6c 6c 20 | 63 6c 6f 73 65 20 74 68 |en will |close th|
|00000100| 65 20 62 6f 6f 6b 73 20 | 6f 6e 20 31 39 38 30 20 |e books |on 1980 |
|00000110| 74 68 69 73 20 77 65 65 | 6b 20 77 69 74 68 0d 0a |this wee|k with..|
|00000120| 73 6f 6d 65 20 72 65 6c | 69 65 66 2e 20 52 65 63 |some rel|ief. Rec|
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|00000140| 65 73 2c 20 61 20 64 65 | 65 70 20 62 75 74 20 76 |es, a de|ep but v|
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|00000160| 73 69 6f 6e 20 61 6e 64 | 20 72 6f 61 72 69 6e 67 |sion and| roaring|
|00000170| 20 69 6e 66 6c 61 74 69 | 6f 6e 20 6d 61 64 65 20 | inflati|on made |
|00000180| 31 39 38 30 20 61 20 79 | 65 61 72 20 62 65 73 74 |1980 a y|ear best|
|00000190| 20 66 6f 72 67 6f 74 74 | 65 6e 2e 0d 0a 59 65 74 | forgott|en...Yet|
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|000001e0| 20 74 68 65 20 6e 65 77 | 20 79 65 61 72 2e 0d 0a | the new| year...|
|000001f0| 0d 0a 49 6e 20 61 20 66 | 69 74 74 69 6e 67 20 65 |..In a f|itting e|
|00000200| 6e 64 20 74 6f 20 61 20 | 79 65 61 72 20 77 68 65 |nd to a |year whe|
|00000210| 6e 20 65 63 6f 6e 6f 6d | 69 73 74 73 20 77 65 72 |n econom|ists wer|
|00000220| 65 20 67 65 6e 65 72 61 | 6c 6c 79 0d 0a 63 6f 6e |e genera|lly..con|
|00000230| 66 75 73 65 64 20 61 62 | 6f 75 74 20 77 68 61 74 |fused ab|out what|
|00000240| 20 77 61 73 20 68 61 70 | 70 65 6e 69 6e 67 20 74 | was hap|pening t|
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|00000260| 20 74 68 65 20 43 6f 6d | 6d 65 72 63 65 0d 0a 44 | the Com|merce..D|
|00000270| 65 70 61 72 74 6d 65 6e | 74 20 6c 61 73 74 20 77 |epartmen|t last w|
|00000280| 65 65 6b 20 72 65 70 6f | 72 74 65 64 20 61 20 73 |eek repo|rted a s|
|00000290| 75 62 73 74 61 6e 74 69 | 61 6c 20 72 65 76 69 73 |ubstanti|al revis|
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|000002c0| 63 79 20 75 70 64 61 74 | 65 64 2c 20 61 6e 64 20 |cy updat|ed, and |
|000002d0| 69 6e 20 73 6f 6d 65 20 | 63 61 73 65 73 20 72 61 |in some |cases ra|
|000002e0| 64 69 63 61 6c 6c 79 0d | 0a 63 68 61 6e 67 65 64 |dically.|.changed|
|000002f0| 2c 20 62 61 73 69 63 20 | 65 63 6f 6e 6f 6d 69 63 |, basic |economic|
|00000300| 20 66 69 67 75 72 65 73 | 20 67 6f 69 6e 67 20 62 | figures| going b|
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|00000360| 0a 64 65 63 69 64 65 64 | 20 74 6f 20 6d 61 6b 65 |.decided| to make|
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|00000410| 20 66 6f 72 20 41 6d 65 | 72 69 63 61 6e 20 62 75 | for Ame|rican bu|
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|00000440| 0d 0a 74 68 61 74 20 74 | 68 65 20 67 72 6f 73 73 |..that t|he gross|
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|00000460| 74 20 67 72 65 77 20 61 | 74 20 61 6e 20 61 6e 6e |t grew a|t an ann|
|00000470| 75 61 6c 20 72 61 74 65 | 20 6f 66 20 32 2e 34 25 |ual rate| of 2.4%|
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|000004a0| 61 72 6c 79 20 74 68 72 | 65 65 20 74 69 6d 65 73 |arly thr|ee times|
|000004b0| 20 66 61 73 74 65 72 20 | 74 68 61 6e 0d 0a 70 72 | faster |than..pr|
|000004c0| 65 76 69 6f 75 73 6c 79 | 20 72 65 70 6f 72 74 65 |eviously| reporte|
|000004d0| 64 2e 20 54 68 65 20 43 | 6f 6d 6d 65 72 63 65 20 |d. The C|ommerce |
|000004e0| 44 65 70 61 72 74 6d 65 | 6e 74 20 61 6c 73 6f 20 |Departme|nt also |
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|00000560| 69 73 69 6f 6e 73 20 64 | 72 61 73 74 69 63 61 6c |isions d|rastical|
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|00000580| 69 63 74 75 72 65 20 6f | 66 20 41 6d 65 72 69 63 |icture o|f Americ|
|00000590| 61 6e 73 20 61 73 0d 0a | 62 75 79 2d 20 6e 6f 77 |ans as..|buy- now|
|000005a0| 2c 20 73 61 76 65 2d 6c | 61 74 65 72 20 66 72 65 |, save-l|ater fre|
|000005b0| 65 20 73 70 65 6e 64 65 | 72 73 2e 20 54 68 65 20 |e spende|rs. The |
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|000005f0| 72 68 61 70 73 20 32 30 | 25 20 6d 6f 72 65 20 6f |rhaps 20|% more o|
|00000600| 66 20 74 68 65 69 72 20 | 69 6e 63 6f 6d 65 73 20 |f their |incomes |
|00000610| 6f 76 65 72 20 74 68 65 | 0d 0a 70 61 73 74 20 64 |over the|..past d|
|00000620| 65 63 61 64 65 20 74 68 | 61 6e 20 70 72 65 76 69 |ecade th|an previ|
|00000630| 6f 75 73 6c 79 20 65 73 | 74 69 6d 61 74 65 64 2e |ously es|timated.|
|00000640| 20 42 65 74 77 65 65 6e | 20 4a 75 6c 79 20 61 6e | Between| July an|
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|00001ca0| 53 74 6f 63 6b 6d 61 6e | 20 69 73 20 6e 6f 77 20 |Stockman| is now |
|00001cb0| 73 74 61 79 69 6e 67 20 | 6f 75 74 20 6f 66 20 74 |staying |out of t|
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|00001d70| 20 22 53 6f 6d 65 74 68 | 69 6e 67 20 68 61 73 20 | "Someth|ing has |
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|00001da0| 62 75 64 67 65 74 20 65 | 78 70 65 6e 64 69 74 75 |budget e|xpenditu|
|00001db0| 72 65 73 2c 20 62 75 74 | 20 74 68 69 73 20 69 73 |res, but| this is|
|00001dc0| 20 6e 6f 74 20 74 6f 20 | 62 65 0d 0a 63 6f 6e 66 | not to |be..conf|
|00001dd0| 75 73 65 64 20 77 69 74 | 68 20 46 72 61 6e 6b 6c |used wit|h Frankl|
|00001de0| 69 6e 20 44 2e 20 52 6f | 6f 73 65 76 65 6c 74 27 |in D. Ro|osevelt'|
|00001df0| 73 20 62 61 6e 6b 20 68 | 6f 6c 69 64 61 79 73 2c |s bank h|olidays,|
|00001e00| 22 20 4b 65 6d 70 0d 0a | 63 61 75 74 69 6f 6e 65 |" Kemp..|cautione|
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|00001ee0| 20 65 6d 70 6c 6f 79 65 | 65 73 20 77 69 6c 6c 20 | employe|es will |
|00001ef0| 69 6e 63 72 65 61 73 65 | 20 61 73 20 6f 66 20 74 |increase| as of t|
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|00001f20| 61 72 20 66 72 6f 6d 20 | 36 2e 31 33 25 20 74 6f |ar from |6.13% to|
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|00001f40| 61 6d 65 20 74 69 6d 65 | 2c 20 74 68 65 0d 0a 69 |ame time|, the..i|
|00001f50| 6e 63 6f 6d 65 20 63 75 | 74 2d 6f 66 66 20 66 6f |ncome cu|t-off fo|
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|00001f80| 72 65 61 73 65 20 66 72 | 6f 6d 0d 0a 24 32 35 2c |rease fr|om..$25,|
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|000020d0| 69 6e 63 72 65 61 73 65 | 20 77 69 6c 6c 20 62 65 |increase| will be|
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|00002110| 79 20 41 6c 65 78 61 6e | 64 65 72 20 54 61 79 6c |y Alexan|der Tayl|
|00002120| 6f 72 2e 20 52 65 70 6f | 72 74 65 64 20 62 79 20 |or. Repo|rted by |
|00002130| 77 69 6c 6c 69 61 6d 20 | 42 6c 61 79 6c 6f 63 6b |william |Blaylock|
|00002140| 2f 57 61 73 68 69 6e 67 | 74 6f 6e 0d 0a 61 6e 64 |/Washing|ton..and|
|00002150| 20 6f 74 68 65 72 20 55 | 2e 53 2e 20 62 75 72 65 | other U|.S. bure|
|00002160| 61 75 73 1a 0d 0a 0d 0a |                         |aus.....|        |
+--------+-------------------------+-------------------------+--------+--------+