Word: shrinkly
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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...
...YORK was so flush in 1987 that it decided to cut state income taxes over four years. But when the economy began to shrink, Democratic Governor Mario Cuomo did not react fast enough. Facing a $1 billion deficit, the state legislature met in special session two weeks ago to adopt a package of cuts that nibbled at school spending and hospitals. When Cuomo took off for ^ Washington three days later to deliver a speech that warned about federal budget deficits, he may have hoped his troubles were over for a while. No such luck. On the same day Republican state...
...Zaillian, to mop up at Oscar- $ nominations time. Any movie about mental disturbance (One Flew over the Cuckoo's Nest, Rain Man) is likely to touch Academy members, not so much because it treats a serious issue as because it parades the performer's craft. To watch De Niro shrink into the shadow of catatonia is to be made aware of his great gifts of body control, of withdrawing into character, of seeming to be. It's an awesome show that reveals more about De Niro than about the man he is playing. Like the Master Thespian on Saturday Night...
...country change after liberation? Is it worth dying for? -- The allies seem to shrink from paying their share of gulf costs. -- Democracy knocks in Eastern Europe, but is anyone home...
...that ambitious carriers like USAir, Midway and America West are reining in their plans. A year ago, five airlines -- American, United, Delta, Northwest and Continental -- dominated the top tier of the U.S. industry, accounting for 66.3% of all passenger miles. Because of problems at Continental, that tier may soon shrink to four powerhouses...