Word: shocks
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Dates: during 1980-1980
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M.I.T. Economist Lester C. Thurow believes that this high inflation forecast may be too low. Said Thurow: "The risks are all on the down side. The economy could all too easily get some big new oil shock, for example. Or grain harvests might be disappointing and force up food prices. On the other hand, it is very hard to think about what piece of good news, might come along to make everything look better...
...initial reaction of Chrysler's partners was one of shock. The U.A.W. had thought that the $462.5 million in wage and benefit cuts it agreed to last winter was supposed to be sufficient. Said one union official: "We bought $1.5 billion in guaranteed loans with our first concessions, not just $800 million." The banks are unhappy about exchanging a loan, which would have at least theoretical value in a bankruptcy proceeding, for stock that would be worthless in case the company fails...
...John or Robert Kennedy, or a spiritual leader, like Martin Luther King Jr. But Lennon was a creature of poetic political metaphor, and his spiritual consciousness was directed inward, as a way of nurturing and widening his creative force. That was what made the impact, and the difference-the shock of his imagination, the penetrating and pervasive traces of his genius-and it was the loss of all that, in so abrupt and awful a way, that was mourned last week, all over the world. The last Day in the Life, "I read the news today...
...conceptual art had the same intellectual playfulness as his lyrics, and Lennon became a collaborator in many of her projects. They made films-of flies crawling, of dozens of bare bums. They made records, including the notorious Two Virgins, for which they posed naked, front and back. Shock! Scandal! Grim predictions for the future...
...There was an oil shock in 1974 and another in 1979. Does the world now face a third...