Word: depression
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...Manhattan wrote off loans of $68 million in the quarter, compared with $24 million in lending losses during the same period a year ago. Citicorp's write-offs were up 84%, to $103 million. At the Bank America Corp., loan losses of $110 million were serious enough to depress overall profits by 14%, to $103 million...
...movie's message doesn't hurt us or even depress us, it simply follows the quotation the movie begins with about preventing ourselves from wanting to build castles in Spain. of course, everyone would like to live in a wonderful gothic palace, but such thoughts are better left for fairytales and dreams. Sabine learns her lesson and lives happily-ever-after in her own little way and as for us, well we leave full but not unpleasantly stuffed...
...longer. Argues Michael Evans of Evans Economics, a Washington, D.C., forecasting firm: "This is a year of caution and retrenchment. Without a substantial decline in interest rates, it is very difficult to see how consumption can keep rising." Other economists point out that plunging home prices are likely to depress spending. Moreover, rising state and local levies will probably diminish the stimulative effects of next month's federal...
...much of activism discourages those very abilities. Rallies seeking to attract numbers of people. Petitions requiring numbers of signatures. Politicians working for numbers of votes. Too often such activities belie a genuine concern for people as people: they dehumanize de-personalize, and in the end depress...
Farmers are among the loudest skeptics. They fear that Reagan will go further and impose a new embargo on grain shipments, which would swell the U.S. agricultural surplus and depress farm prices and incomes. Their concern stems from their bitter experience with the embargo that President Carter declared two years ago after the Soviet invasion of Afghanistan. Says Jared Hoover, who farms 1,400 acres outside Abilene, Kans.: "I can understand suspending talks on a new agreement with Moscow. But we should have enough history under our belts to teach us a lesson. Despite Carter's embargo, the Russians...