Word: dipped
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...International Summer Consumer Electronics Show in Chicago is the gaudy showcase of American high tech. By day, 100,000 industry officials throng the aisles of vast McCormick Place, surrounded by towering displays at 1,381 booths. At night, they dip shrimp into cocktail sauce at lavish corporate receptions and gossip about the competition. A year ago at the show, people were predicting that it was just a matter of time before there would be a computer in every house. But last week much of the talk was about the slow growth in home computers...
...Chicago, the harried Continental Illinois Bank had to dip deep into the largest rescue fund ever arranged for a U.S. lender. In Washington, D.C., World Bank officials warned that the latest jump in American interest rates will add $1.25 billion a year to the Third World's already crushing debt. In Paris, European moneymen lashed out at rising U.S. borrowing costs. On both sides of the Atlantic last week, such concerns were sending shock waves through the money world. Said Bank Analyst Stephen Berman of L.F. Rothschild, Unterberg, Towbin: "The U.S. banking system is suffering from a crisis...
...Fund against a whole list of eventualities, including cancellation of the Games because of an earthquake and their interruption by an emergency presidential speech. The network even insured itself against low ratings, though neither ABC nor Fireman's Fund will disclose how much the audience has to dip before the policy starts paying...
...felt. "This morning I figured it out," he said. "We're all a mix of emotions. But right now what is totally missing from me is anger. I am a man without anger now. Every once in a while I think my mood is going to dip, and then my legs start trembling and the good feeling starts all over again." -By Gerald Clarke. Reported by Denise Worrell/Los Angeles
...billion) and Chase Manhattan ($775 million). According to estimates by the Keefe, Bruyette & Woods investment firm, the missed payments on Argentine loans could have cut Manufacturers Hanover's expected earnings in the first quarter 28%, while Chase would have suffered a 12% decline and Citicorp a 7% dip. Many smaller banks outside New York would also have felt the pinch. Crocker National of San Francisco ($440 million on loan) faced an estimated 41% drop in first-quarter profits, and First Wisconsin National of Milwaukee ($70 million) might have had a 12% earnings setback...