the average family home. cory practices her violin. christian plays with his cars. and mike and carol worry over the bills. we went into the 1980s in pretty much the same technology that s been in place for a couple of decades. typewriter. calculators, tv, oven. a car. you listen to music on a big old stereo system with a turntable. maybe you had a digital watch, and that was the only thing that was going to be digital that you actually owned. hello? i m not here now, but my faithful machine is. there was a handful of technology at that time. one was the telephone answering machine. you d be driving home and you d say, i can t wait to check my messages. you know, it had become part of the day. honey, i m checking my messages. from the noisy streets of new york to the laid-back tranquility of california, americans are tuning out and tuning in. when i think of technology in the 1980s, i think of the walkman. the walkman was huge. it s the latest fad. tiny st
the u.s. economy, which used to be the envy of the world is in the most serious trouble since the great depression. inflation is rising, standard of living is declining. tremendous inflation and not much growth. the country was not in a great depression but the united states is in the dumps. wall street was cold, gray, wet, and miserable. there was no comfort to be found outside for investors there was not much inside. the tickers carried almost nothing but bad news. we would have a terrible decade for investing. people were skeptical of the stock market. it was a sleepy wall street. most economists expect a serious recession with at least 2 million more americans losing their jobs. regret to say we are in the worst economic mess since the great depression. from the first moment of his presidency, president reagan let him know that his top priority is the nation s economy. i put a freeze on pending regulations of the task force under vice president bush to revie
world started pouring their own money into it and that is in large part what drove prices higher. the ronald reagan motorcade on wall street, to the new york stock exchange. in the last five years we have moved from la s hope, confidence, and opportunity. the value in shares traded hitting record highs and more americans than ever before participating in the market. it is a bull market. when reagan shows up at the stock exchange and the yell, ronnie, that s the way of thing america is back. he was able to link economic faith with faith in america. no president had visited the stock a change before and no recent president would have been reagan for the honor if a vote was taken among floor traders. they gave him round after round of cheer. we will turn the ball loose. the whole world, from
and paperless society and do we want one? these are the social questions scientists say society should answer. and money matters, wall street. leaping stocks have investors jumping. we will turn the ball loose. one of the great things is we can seek profit. is money the number one goal? you have 29-year-old making $1 million a year. if you have plastic money there is nothing holding you back. history will prove the bakers were honest people. insider trading could become wall street s watergate. what we call greed? we have called it success, recently.
final four later this afternoon. tenth-seeded miami and top-seeded kansas, tipping things off at 2:20 eastern. and st. peter s, the only 15-seed to make it this far in the tournament, hoping to keep that scinderella story going whn they face carolina just after 5:00. and the cheer leaders coming to the rescue at the ncaa tournament once again. the ball getting stuck on top of the backboard last night. and before the floor crew could even get out a broom, the arkansas cheer leading team leaping into action. standing on the shoulders of another cheerleader, knocking the ball loose. this is the second time that a cheerleader has rescued the ball, earlier in the tourm, an indiana tournament, doing the same thing. nice work there, team effort, all-around. and some great games on tap for later on this afternoon. and krar lynn manno, thank you so much for the update. don t go anywhere. because the next hour of new