Word: cuttingly
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Dates: during 1980-1989
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...fuselage. They estimated that about 10 lbs. of a plastic explosive had in effect decapitated the 747, instantly severing the cockpit and part of the first-class cabin from the rest of the plane. Because the forward luggage compartment is next to the main electronics bay, the explosion instantaneously cut off all communications, electricity and flight controls, explaining why all systems went dead at the same moment. Declared a Boeing expert: "It was a diabolically well-planned event, handled by experts in knowledge of the aircraft, its structure, the flight plan -- the works...
...things so deadly have ever looked so innocent. They have the appearance and consistency of soft taffy and can be molded, stretched or cut into any shape. They burn so safely that American G.I.s in Viet Nam used them as emergency cooking fuel. Yet plastic explosives pack roughly twice the force of an equivalent amount of dynamite. Many nations, including the U.S., produce them for military purposes. But large amounts have made their way into the hands of terrorist groups around the world, posing a fiendishly difficult problem for airline security. Because the explosives can be so easily formed into...
Chemical apparently decided to cut its losses after investing tens of millions of dollars. At the moment, other institutions plan to give the technology more time, but if customer interest does not pick up, there are likely to be more dropouts from the home-banking business. "For a technology to affect the way we live, it has to be cheap, simple to use and offer a strong reason to use it," says Timothy Bajarin, an analyst at Creative Strategies Research International in Santa Clara, Calif. "So far, for computer banking, those signposts aren't there...
...recession if a large number of individuals and businesses started defaulting on their loans and sharply curbing their spending. On the Government's part, the huge budget deficits virtually eliminate its ability to revive a sagging economy by using a spending boost as a stimulant. Moreover, a failure to cut the deficit this year would create instability and pessimism in the financial markets...
...weaker dollar will make the Fed's situation even more precarious. If foreign investors fear that the U.S. financial system will become unstable, they may cut back their investments in Treasury bills and other dollar- denominated securities. The Fed would have little choice but to boost interest rates to make the currency more attractive. Since September the dollar has lost about 5% of its value against the currencies of major industrial nations, and now trades at about 125 yen. This has wiped out most of the gains it made during the first nine months of last year...