Word: shocked
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Dates: during 1990-1999
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...nine months since John R. Silber announced his candidacy for gorvernor of Massachusetts, he has gained a reputation as a political Vesuvius, erupting at irregular intervals to shock the Bay State political establishment...
...Have the crisis in the Middle East and the resulting oil shock finally launched the bear market you forecast in September...
Even after years of belt tightening that was supposed to make companies more competitive, many firms are still cutting deeply into their white-collar work forces. The firings have thrown secretaries and managers alike into an increasingly hostile job market. "I was in shock," says a former top executive of a Midwestern men's clothing retailer who was laid off in August. The dismissal left the middle-aged breadwinner with six months' severance pay and three college-age children. "Right now, companies are paring down just to survive," he says. "But the fact that ((the economy)) hits home and strikes...
...credit crunch and oil shock will cause new suffering in Third World countries, which already bear an overload of political and economic woes. In one of the most seriously affected nations, Bangladesh, officials estimate that the gulf crisis will cost the impoverished country $220 million a year in higher oil prices and $100 million in lost remittances from Bangladeshi workers who have fled Kuwait and Iraq. The Philippines, which imports almost all its oil, will have to borrow heavily to keep its factories running and prevent unemployment from soaring above the present rate of 12.6%. Deepening Third World troubles will...
...shock presents U.S. political and economic leaders with agonizing choices. To spur the slumping economy, the Federal Reserve Board would normally loosen credit and allow interest rates to fall. But Fed Chairman Alan Greenspan has been reluctant to do that because of the inflationary pressure of rising oil prices, which helped push the consumer price index to an annual rate of nearly 10% in August. Greenspan has suggested that interest rates would be allowed to fall if the Administration and Congress can reach a credible deficit-cutting agreement, which would reduce the pressure of government borrowing on the credit markets...