Word: downwards
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...global trend may be on Mulroney's side. From the old Russian empire to the new Europe, there is a devolution of power not only upward toward supranational bodies and outward toward commonwealths and common markets, but also downward toward freer units of federation that would allow "distinct societies" to preserve their identity and govern themselves -- without bolting altogether. If Canadians, French and English speaking alike, choose to be part of that pattern, the current crisis over Quebec will pass just as those earlier ones did, perhaps never to be repeated again...
...reverse this downward spiral, a vocal minority of black educators are pushing a radical idea: putting elementary-school-age black boys in separate classrooms, without girls or whites, under the tutelage of black male teachers. Critics of the proposal say segregating classrooms by race and gender flies in the face of more than 25 years of civil rights gains. But supporters argue that such concerns are less important than the urgent need to rescue African-American males from a future of despair and self-destruction. "The boys need more attention," says Spencer Holland, a Washington educational psychologist and champion...
...criticized for moving too slowly, but at least when it comes to some of its assets, slowly is just the right pace. A rush to sell could lower real estate prices, forcing new defaults and a downward spiral. It is thus somewhat alarming to note that this is exactly the direction the RTC of late seems to be heading. As Barron's subtly headlined its April 30 cover story on the agency: SELL! SELL! SELL...
...swelling, is a smaller share of gross national product than it was during the years after World War II. That's true. But interest on the debt is far larger. As late as the early 1960s, when the national debt was still more than half of GNP, though heading downward, interest payments were barely 1% of ! GNP. Today the publicly held debt of $2.3 trillion is "only" 43% of GNP (up from 27% in 1981), but interest...
...battle to tame inflation has been exasperating because the chief weapon, tighter credit, has so far managed only to weaken the economy. In general, forecasters believe the U.S. economy will grow less than 2% this year. The housing industry, which has been depressed for two years, took another downward turn last month, when new home construction fell 9.3%, to an annual rate of 1.3 million units...