Word: dipped
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...selfcriticism, they struggle with determination against red tape, parochialism, infractions of the law and labor discipline, and carry out measures to end mismanagement and extravagance. It must be confessed that some rank-and-file party members and leading executives are prone to be generous at government expense. Such "philanthropists" dip their hands into the public pocket themselves and are indifferent to embezzlement of public property by others. They cause grave harm to Communist construction, of course, but they do not run the show, figuratively speaking. They are too few and far between to warrant judgment about Communists in general...
...Goldman, Sachs strategist believes Congress and the Administration would have to move to slash some $50 billion from the roughly $200 billion federal deficit to reignite the market rally. His opinion: "I think people are through overlooking the deficit problem." For now, Cooperman expects the Dow Jones average to dip as low as 1050 before the current decline ends. That drop would represent a nearly 20% fall from the indicator's November peak. Says Cooperman: "That would not be unusual in the context of a bull market correction...
...stock market's most recent dip started two weeks ago and was triggered in part by the open warfare within the Administration over what to do about the budget. Regan advised members of the Senate Budget Committee to "throw away" the Economic Report of the President, prepared chiefly by Feldstein. The Treasury Secretary was upset about Feldstein's dark view of the deficit and his calls for a tax increase, a step that Regan and President Reagan oppose. A report of Regan's "throw away" comment went over the Dow Jones News Service wire at about...
...dip in petroleum prices and the sharp drop in U.S. interest rates helped ease pressure on many developing nations that are struggling under enormous and dangerous debt loads, but their finances remain shaky. Two weeks ago, the new government of Argentina requested a six-month grace period for interest payments on its $40 billion debt. A team of bankers and troubleshooters from the International Monetary Fund approved a $10 billion emergency loan package in November that once again saved Brazil from defaulting on its $91 billion debt, but the country's economy is deeply depressed and has been plagued...
Indonesia, a big oil exporter that was hurt this year by the dip in petroleum prices, is trying to keep its $24 billion foreign debt from ballooning. The country has devalued its currency by 28% to reduce imports and postponed several industrial projects, including petrochemical plants...