Word: dismally
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Dates: during 1980-1989
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Regan had long ignored allies' complaints about the U.S. budget deficit and concerns at home about an overvalued U.S. dollar that had led to a dismal American trade deficit. Baker reversed that stance with the September 1985 Plaza accord, a five-nation cooperative attempt to hasten the dollar's decline. Baker tried to use the dollar's continuing fall as a diplomatic tool. His aim: to chivy West Germany and Japan into expanding their domestic economies, while counting on the U.S. currency's drop in value to start reversing the ugly trade figures...
...points over the previous week, closing at | 2291.57. The U.S. dollar staged its strongest rally of the year, rising about 2% against the yen and the deutsche mark in two days. Experts wondered, however, whether the financial markets could continue to pay such handsome returns in the face of dismal economic growth. Warned a French senior economic official: "This is simply not sustainable. Something will have to give...
...Half-truth is worse than a lie." Gorbachev, 56, also spoke glowingly of Soviet attempts to bring "democracy closer to man," words that must have chilled the autocratic Ceausescu and his imperious wife Elena, 68, both of whose birthdays are national holidays. Beyond some pointed jabs at Rumania's dismal economic performance, Gorbachev avoided specific charges against the Ceausescu regime. The implicit warning, however, was clear: a recalcitrant Rumania would not be permitted to drag down the pace of Moscow's modernization drive...
...lawman who hauled in Boesky has his way, future insider traders could face even more dismal prospects. The day before the arbitrager's plea, U.S. Attorney Rudolph Guiliani of New York's southern district urged the Senate Banking Committee to stiffen the penalties for those who buy or sell securities based on confidential company information. He also called for mandatory prison terms for brokers who lie to investigators...
Leery of the backlash against Nakasone's tax proposal, provincial L.D.P. politicians had gone so far as to ask the Prime Minister to stay away from the campaign hustings. Indeed, Nakasone has done little to help his dismal approval rating, which has plummeted from 39% to 24% in the past four months. Last week he rammed his new budget, overdue by two months, through a parliamentary committee. In a three-minute session marred by shoving and shouting, L.D.P. Budget Chairman Shigetani Sunada declared the measure passed and adjourned the committee. The national daily Asahi Shimbun called the incident a "rash...