Word: dipped
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...knowledge as a top expert on the business cycle. His warning: a recession was under way, and would reach its nadir in October, just before the presidential elections. "Unfortunately," Nixon later wrote in Six Crises, "Arthur Burns turned out to be a good prophet. The bottom of the 1960 dip did come in October. All the speeches, television broadcasts and precinct work in the world could not counteract that one hard fact...
...Rich. It is not only this cultural confrontation that makes Morocco a favorite winter playground for the rich. It is also the vistas, the warm climate (daytime temperatures rarely dip below 80° except in the mountains and on the coast) and the languid, inshallah ("as God wills") pace of life. "It's all very exotic," says Paris Couturier Yves St. Laurent, who has purchased a tiny villa in Marrakesh. "Here I don't work at all, or even think. This is my refuge from the world...
...inch of progress is an accurate measure of what the Vatican has tried to accomplish in other areas of Eastern Europe. It is the sort of modus vivendi that has been the aim of Monsignor Agostino Casaroli, a veteran church dip omat, who over the past few years has been in charge of negotiations with the Communists. Not all of Casaroli's Vatican colleagues feel that his pursuit of compromise has won more than it has given away, though there is little question that liberalization in Czechoslovakia and recognition in Hungary have improved Catholic status...
...needs transportation. There stands young Marco St. John, tall, dark, handsome and ever so resourceful. He has a motorcycle to share with the lady. As added enticements, he also offers Julie a bottle of ouzo (which is stronger than gin and sweeter than licorice) and a refreshing nocturnal skinny dip in the wine-dark Aegean. What is a twice-divorced damsel of 40 to do? She accepts, naturally...
...that this year's loss is the beginning of an unchangeable pattern; and he says clearly that the $9 million fund would be the first source to tap if the Faculty hits a big deficit. But he also points out that faculties and universities "are notoriously reluctant" to dip into these endowment funds, and the implication seems clear. If the deficits keep coming, the cost of being a Harvard man may rise more dramatically than it has before...