Word: allayed
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Dates: during 1980-1989
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...climbing inflation and badly shaken consumer confidence. On the contrary, prices continue to hold steady and shoppers have been in a fairly good mood. The Commerce Department reported last week that November retail sales were up 1.8%. That early Christmas-season gain, the healthiest monthly increase since April, helped allay retailers' fears that holiday buying would be weak. Other key indicators showed that November industrial production grew .4%, the first gain in three months, while stocks of unsold goods remain lean...
Union Carbide's management has tried to allay shareholders' fears. "The Bhopal tragedy is without precedent," said an official statement. "But considering both the insurance and other resources available, the financial structure of Union Carbide is not threatened." The company would not reveal the source or the extent of its insurance protection against industrial accidents. Cigna, a Philadelphia-based financial-services company, disclosed that it could be responsible for a tiny fraction-no more than about $1 million-of Union Carbide's potential insurance claims. Said a Cigna spokesman: "Our exposure is minimal and certainly will have...
...page treaty released last week helped allay at least some of those misgivings. It proved to be a virtual bill of rights outlining almost every feature of post-1997 Hong Kong from its life style to its bank notes. The Special Administrative Region, it declared, will be ruled by Peking only in matters of defense and foreign affairs. The thriving city-state will have its own executive, legislative and judicial powers. Its free port and international banking system will remain intact, as will the market for foreign exchange and gold that has turned Hong Kong into the world...
...backing it does not cause American industry to lose out to subsidized European competition. Underlying this is the notion that fiscal coordination makes Europe a stronger economic entity and thus a stronger trading partner for American business. A Washington official noted that the Administration is working hard to allay European fears of a U.S. tilt toward Asia. He declared, "By and large, our trade relationship with Europe is the most important one we have...
Reagan also tried to allay fears that, as the Iran-Iraq war heats up, he will send U.S. forces to the Persian Gulf to keep the Strait of Hormuz open. How likely is direct American intervention? "I can't foresee that happening," Reagan replied...