Word: balloon
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...struck out on his own. With a vengeance. He plays to packed lecture halls around the country; sometimes, he appears with a helium balloon which he releases while yelling the question "How high is the market going?" Other nights he comes dressed as Moses, complete with tablets full of investment advice. He castigates Wall Street professionals as "bag holders" (the title of a novel he is currently writing) and "losers." Not only that, he predicts earthquakes, although he always adds sincerely that this is "one prediction I hope I'm wrong about." And after a hard day on the road...
Meanwhile, Carter Administration officials broke some alarming news about the budget: in fiscal 1981, which ends Sept. 30, federal spending is now expected to balloon to $663 billion, and the deficit to total about $56 billion, second in size and impact only to the $66 billion rung up in 1976. Some advisers recommended delaying until July 1 the sweeping income tax cuts that Reagan has promised in order to keep the deficit from swelling even further; others insisted on asking Congress to make the cuts retroactive to Jan. 1, as first planned...
...numbers will worsen next year when the growth rate, now a feeble 2%, is expected to drop to almost zero, as rising prices for imported oil and increased foreign competition weaken the heavily export-based economy. The balance of payments deficit, which was $1 billion in 1979, will probably balloon this year to $20 billion, which would be the highest of any industrialized nation. West Germany has also accumulated a national debt so large-it now totals $231.8 billion -that it became a highly emotional issue during the recent election campaign. All of this has prompted many holders of marks...
...receives a formal invitation to return home--he speculates the public offer was merely a "trial balloon"--Aquino will give Marcos four "minimum demands." His conditions are restoration of freedom of the press, freedom of assembly for students, labor's right to strike and "honest, clean, orderly elections...
Some escapes have been ingenious. Last year two families fashioned a homemade hot air balloon out of bedsheets and curtain strips and sailed silently over the fence to freedom by night in the southern border sector. But most who manage to get across today are either disaffected members of the 42,000-strong East German border guard force or people living near the border who are told by sympathetic guards about spots along the fence where mines have been temporarily removed for maintenance. In May a young couple scrambled over the fence at an unmined spot in the central sector...