Word: depression
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...survey predicted that the corn crop will increase by 8% from last year, to a record 8.27 billion bu. The soybean harvest is expected to be up 5%, to 1.96 billion bu., while cotton production will rise 6%, to 13.8 million bales. These bumper crops are sure to depress agricultural prices, which are already at extraordinarily low levels. Corn is selling for $2.32 per bu., down from $3.36 in June of 1984. Soy beans, which sold for $8. 12 per bu. in May of last year, have sunk...
...floating exchange rates as his predecessor. The Administration took a step away from that system in September, when officials met with representatives of Britain, France, Japan and West Germany at New York City's Plaza Hotel. The group agreed that the dollar was too powerful and tacitly decided to depress its value by selling dollars and buying other currencies. Robert Hormats, former Assistant Secretary of State for Economic Affairs, believes that without saying so, the Treasury Department is eyeing a target zone for the dollar. Says he: "The U.S. changed its policy at the Plaza and didn't announce...
...poets to believe that one says their poems are bad not because one is a fiend but because their poems are bad." In private he was a shade more merciful. He wrote but then urged an editor not to print a review of an Archibald MacLeish book: "It would depress and vex the poor guy and do no good...
...turnout. Electricity Minister Ayham al-Samarrai, for example, predicts that the national turnout would be around 25 percent of eligible voters. The insurgent threat has also compelled the authorities to adopt strict security measures, such as banning all non-official vehicles from the roads on election day, that may depress turnout...
...holding the election under the current volatile conditions carries its own risks. The insurgents' aim is to depress turnout in the Sunni areas and strip the election of broad legitimacy. About 15 million Iraqis are eligible to vote on election day, according to Iraq's Independent Electoral Commission. A commission official predicts about half will actually cast a ballot. That kind of turnout would be acceptable, but analysts are worried that the new legislature won't adequately reflect Iraq's ethnic composition. The assembly will select a new Prime Minister and President but, more important, will also draw...