Word: dips
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Surging exports of such consumer products as clothing, toys and watches have helped Hong Kong hit an 8.5% growth rate this year. Chen expects that pace to dip slightly to 6.5% in 1985, largely because of a slowdown in shipments to the U.S. Investment in new industrial plants and machinery is up 17% this year, but that has been offset by a continuing slump in commercial and residential construction. In the late 1970s and early 1980s, construction firms went on a speculative spree, and many of the luxury apartment and office buildings they put up are still not fully occupied...
American firms are also noticing a dip in business as the economy starts to slow. Domestic orders for U.S. semiconductors topped $1 billion a month in the first half of 1984, but last week the Semiconductor Industry Association said they fell to $843 million in September. Nonetheless, the industry remains optimistic. Says Zieber: "We are entering a period of adjustment from the very strong market of the past six quarters into something less robust. But we don't expect things to fall apart, because we don't expect the economy to fall apart." Indeed, with the rebound still...
There is some anxiety that the economic changes will result in higher prices and open the way for such capitalist troubles as bankruptcy and unemployment. In any case, the success of Hungary's flirtation with capitalist economics will ultimately depend on Moscow: every dip in the East-West temperature hits Hungary like a cold spell. Budapest downplayed East German Leader Erich Honecker's decision not to visit West Germany; instead it emphasizes the possible improvements in superpower relations that might result from the Washington meeting between President Reagan and Soviet Foreign Minister Andrei Gromyko...
...looking at shallow. I'm just not that deep. You're looking at a bundle of insecurity. I always think that everything good is going to evaporate and disappear overnight. I am the quietest person at the party. I position myself at the chip dip and don't leave all night. I still have a very ordinary, simple person trapped in this rich, gorgeous, successful body." The joke is practiced and sure, but she does not want her listener to miss her point, so she spells it out. "The whole thrust of my existence is that...
...banking firm provided the Wall Street Journal with estimates that, at worst, Manufacturers Hanover would lose 60% of its expected second-quarter earnings if Argentina missed its payments, while Chase would suffer a 25% drop and Citicorp a 15% decline. Some of the banks admitted that their profits would dip but said the losses would be modest. Maintained Citicorp Vice President John Maloney: "The First Boston projections are completely off the wall." Nonetheless, jittery investors dumped bank stocks. On the day the First Boston figures came out, the already depressed price of Chase shares fell by 2⅛ points...