Word: deeps
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Dates: during 1970-1979
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OTTO ECKSTEIN: "The Federal Reserve is taking a tremendous gamble with the economy, that they will succeed in licking inflation without creating another recession as deep as 1974," says Eckstein, a master of computerized forecasting who runs his own company. "They are finally jamming on the brakes, having done too little for a long time." But late as the switch is, Eckstein believes, "it's going to work. The chances are the inflation rate, currently 13.1%, will drop below 9% by February." But Eckstein sees a darker side: "There is no question that the economy is now going...
...thereby weakening both product and labor markets. Increasingly people are going to be squeezed out of [credit] markets at those astronomical interest rates." Heller does not, however, expect "a full-fledged credit crunch like we had in 1974." He also thinks that the U.S. can avoid a recession as deep as that year's, though only if Washington acts to ease its bite by cutting taxes...
...world. Most important are the Blackbird's ELINT-electronic intelligence-gathering functions that are also known as "ferreting." SR-71s can detect hidden objectives by interpreting electronic signals at extremely high altitudes. In addition, Blackbirds carry a long-range, side-looking radar (SLAR) that can spy deep into foreign countries without actually crossing their frontiers...
...aroma of glove leather escapes into the air as he slides into the welcoming embrace of a bucket seat. The moment for which he has spent upwards of $40,000 and waited more than a year has arrived. He switches on the ignition. The engine responds with a distinctive, deep-throated growl. Paradise! Soon the new owner is flashing along the autostrada at an easy 100 m.p.h...
TIINA BOUGAS. The GBC and Mass State Champ is in the singles draw, and is favored to add the New England Championship to her list of titles. Unchallenged so far this fall, her deep and accurate baseline shots should keep her out of trouble. "I think she'll win the singles." Felske says...