Word: halting
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...Mani Said al-Oteiba of the United Arab Emirates understated the gravity of the situation. Ministers from six of the 13 members of the Organization of Petroleum Exporting Countries huddled for 1½ days last week at Geneva's Inter-Continental Hotel to devise a scheme to halt the slide in oil prices. The cartel's current crisis began two weeks ago, when OPEC member Nigeria followed price cuts made by nonmembers Norway and Britain...
...airline last September, has not regained its cruising speed. Last week, in an apparent act of desperation, Braniff said it would cut its fleet of 30 jetliners to ten and indicated that it may lay off as many as 1,200 of its 2,100 workers. The carrier will halt service on Nov. 5 to ten cities now on its route map, including Detroit, Houston and Philadelphia. Braniff also announced that its president, William Slattery, had left the airline to become head of Air Via, a new California carrier...
...continued to stagnate. Unemployment in the cities is higher than 10%, while poor planning has, the resolution acknowledges, "seriously dampened the enthusiasm, initiative and creativeness of enterprises." Shortages of electrical power have idled about 20% of industry. Scarcity of steel and cement has brought construction projects to a halt for months on end. Meanwhile, more than 40% of the government's budget has gone to subsidizing inefficient industries and basic commodity prices...
...early 1970s, the Innuit and the Cree Indians, who also dwell in the area, brought suit in Canadian courts to halt construction of the $15 billion James Bay hydroelectric-power project, charging that it would result in damage to their lands. In 1973 the Quebec Superior Court ruled in the plaintiffs' favor. But after a one-week suspension, work on the immense undertaking was resumed when the Quebec Court of Appeal reversed the earlier ruling...
...originally predicted. That spurt helped reduce the deficit to an estimated $174.3 billion in fiscal 1984, from a record $195.4 billion in 1983. Most economists, though, fear that deficit spending has fueled a false prosperity that will soon fade. Already, progress against unemployment shows signs of coming to a halt. The civilian jobless rate declined slightly in September, from 7.5% to 7.4%, but that was still higher than the 7.1% recorded in June...