Word: clouding
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...main threat to growth will be the daunting cost of borrowing money. Said Eckstein: "Interest rates are a big cloud over the economy. We won't have a normal recovery." Though the slump has dampened business demand for credit, the prime rate that banks levy on corporate customers still hovers around 16½%, more than double the interest charge that prevailed in 1977. The high rates are partly the work of the Federal Reserve, which is trying to restrain inflation by reining in the growth of the money supply. Fed Chairman Paul Volcker told Congress last week that...
...this school. What idiocy The people united in Poland got their united ass kicked: the people united in EI Salvador, and 13,000 a year get shot separately Even it a lot more people in a lot more places unite, the chances are not so good. Original sin, mushroom cloud, freezing in the dark when the oil runs out--name your poison...
...broken in Chicago (-26°F) and Augusta, Ga. (1°), among other places, while Atlanta ( - 5°), Milwaukee (-25°) and Cincinnati (-14°) had not been so cold since the 1800s. Single-day records for the date were set in Washington (2°), Philadelphia (1°), St. Cloud, Minn. ( - 30°), and in nine Florida cities, including Miami (33°), Orlando (23°) and Tallahassee (14°). The cold in Florida froze perhaps 84% of the state's unharvested citrus, and the ripened vegetable crop was wiped out entirely...
Minnesotans enjoyed a short respite midweek, but raw weather returned on Thursday, when St. Cloud's -30° set a city record for the date, and a steady snowfall covered the state. Earlier, in rural southern Minnesota, Karlie Sazama, 17, spent a long night in a car with her boyfriend Robert Schaaf, 19. But this was no teen-age frolic: the couple was stuck for 16 hours in drifting roadside snow. Said Schaaf of their survival: "We tore seat covers off the front seat and wrapped them around our heads and snuggled together...
George W. Siguler, associate treasurer of the University, said this weekend that the decisions "remove a cloud" over the companies and are good for the businesses and stockholders, but Harvard officials said the University will examine the results of the AT&T settlement before deciding what to do with the University's 386,550 shares...