Word: rated
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Dates: during 1990-1990
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...gross national product will shrink at an annual rate of 2.5%, after adjusting for inflation, in the fourth quarter, and show smaller declines in the first half of next year, according to TIME's panel. (The economy grew at an anemic 1.4% rate in the July-September quarter.) The downturn would meet the official definition of a recession, which is at least two straight quarters of falling GNP. The panel said the U.S. appeared likely to resume slow growth by mid-1991 as the Federal Reserve Board lowers interest rates to stimulate business activity. That scenario would amount...
...mortgage, overcharging her $1,464 in the course of three years. The bank apologized and refunded the overpayment. Wynn was one of the lucky ones. According to a congressional review and a study by a former federal auditor, John Geddes, thousands of others across the nation with adjustable-rate mortgages may have been overcharged. Basing his estimate on an examination of 7,000 loan accounts, Geddes says a third of the outstanding ARM loans have been miscalculated. Overpayments could total $8 billion...
...public, Administration officials shy away from the R word -- recession, that is -- when talking about the economy. But now they privately acknowledge that the nation is in a serious downturn. Bush advisers say the economy will show negative growth for the fourth quarter at an annualized rate of nearly 3%. Says a senior analyst: "Chances are better than fifty-fifty that the first quarter of 1991 will be negative too." If that proves correct, the economic contraction would fit the generally accepted definition of a recession. Despite the bad news, the White House does not plan to change its wait...
...environment -- volcanoes, erosion, continental drift -- interact with one another. Climate, vegetation and geology are represented as interrelated systems, each with controls that can be adjusted. Animals multiplying too fast? Just crank down the reproduction dial. Tired of waiting for evolution to work its wonders? Just speed up the mutation rate. Earth getting too hot for its own good? Just turn off the greenhouse effect...
...evolution that views the earth as a single organism with various feedback mechanisms to maintain conditions suitable for life. In SimEarth this means that as the heat from the sun increases 25%, as it has during the past few billion years, changes will automatically occur in factors like the rate of cloud formation to keep the surface temperature relatively stable. The feedback loops appear most valuable when they are turned off, as they were when I played in the "hard game" mode. Suddenly, rather than "playing" God, I found myself working overtime to keep my oceans from boiling away...