Word: droppingly
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Dates: during 1990-1990
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...Northeasterners, who face a gloomy future because of cutbacks in the defense, financial and high- tech industries. Retail sales in New England are flat or falling. In the five-month period ending last May, New York City and northeastern New Jersey lost 15,000 private-industry jobs, their first drop in such employment since 1982. Economists believe a lasting increase in oil prices would hit the area hard. "It would deepen and prolong the downturn here," says Wayne Ayers, chief economist for the Bank of Boston...
...price of West Texas Intermediate crude, the benchmark for trends in the U.S. oil market, ended the week at $24.49, an increase of $3.51 in two days. In Tokyo the Nikkei stock index plummeted 729.42 yen, closing the week at | 29,515.76 yen. The market drop reflected concern that Japan, which depends on imported oil for 57.9% of its energy needs, might face tougher economic times. In Europe, which also relies heavily on Middle East oil, stock and currency markets gyrated nervously...
Still, a tightening of the market could cause price increases, which would send debilitating ripple effects through the world's economies. According to Laurence H. Meyer & Associates, an economic forecasting firm in St. Louis, a rise to $30 in the price of crude would produce a 3% drop in the American GNP by the first quarter of next year and an increase in unemployment from the current 5.5% to 7.5%. The threat would not be so great if the economy were not already teetering on the edge of recession. Says Barry Bosworth, a senior fellow at the Brookings Institution...
Perhaps Bradlee's greatest innovation was the Post's Style section, which led papers around the U.S. to drop their dowdy women's sections and mimic the biting profiles and flashy features by Sally Quinn, now Bradlee's wife. But the section that was once all snap and vinegar has gone flat under Downie. A profile of Senate majority leader George Mitchell, one of the Democratic Party's harshest critics of President Bush, devoted only a sparse paragraph to his romance with Janet Mullins, a senior Bush Administration official. Laments a Post reporter: "The old Style would have published...
During the past two years, Steele has argued in a provocative series of essays that a generation after the Watts riot and the passage of the Civil Rights Act of 1964, it is time for blacks to drop the crutch of racial victimization and rely on their own efforts to gain access to the American mainstream. The opportunities are there, he says. Blacks have only to stop hiding behind racism and take advantage of them. Last May he focused a PBS television special about Bensonhurst on that recurring theme. And next month a collection of his essays will be published...