Word: plummeted
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Dates: during 1970-1979
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Will worker productivity plummet along with the mercury in frosty offices? Possibly, says Dr. Ralph Goldman, a U.S. Army environmental medicine expert who documents human responses under a variety of climatic conditions. Goldman suggests that manual dexterity can suffer in temperatures of less than 68°. Does this mean that wool hats and mufflers will soon be de rigueur in the typing pool? Or fingerless gloves? "I'll bring in a space heater before I'll wear those," grumbles a Manhattan secretary.* But she will try thermal underwear beneath her baggy jeans...
Like other New England cities and towns, Winooski (pop. 7,500), Vt., has every reason to fret about rising heating costs. During the long winter, temperatures there frequently plummet to -20° F or lower. But some Winooskians think they may have found a way to beat their rising oil bills. They are seriously looking into the idea of covering the town with a dome to reduce the escape of heat. Says the dome's chief proponent, Community Development Director Mark Tigan: "It would be the ultimate in Yankee ingenuity...
...fall, back to the ground. One second, I flip around twice, no parachute. Two seconds, I twirl twice, still no parachute. Three seconds, I plummet, forehead toward the earth. Four, my harness tears at my hips and chest, swings my feet above my head. The parachute glides above me. The earth is a gray mound, Boston glimmers on the horizon. I make out a small rectangular building surrounded by dots, a small field and then trees and lakes. The air swirls silently. A band of trees approaches but I glance once more to the parachute, the sky and the horizon...
...instantly and without restraint. This fosters monetary instability, and since the dollar is such a large part of the system, the instability can drive down the value of the buck. Private bankers and corporate finance officers can wildly exaggerate any currency's weakness and cause its value to plummet as they unload billions of uncontrolled Eurodollars with a few telex messages...
...sell, trading volume soared to an unprecedented 16,410,030 shares,- the Dow tumbled another 31 points, to 230, and it was clear to almost everyone that something catastrophic had taken place. The Dow was down 151 points, or about 60%, from its September peak. When its wild plummet finally stopped in July 1932, the index was at 41, and the stocks it represented were worth around 12% of what they had been valued at in September 1929. All told, in three years investors lost more than $74 billion, which in terms of today's inflated dollars would...