Word: dips
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Dates: during 1980-1989
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...satin suit was cut up to here and down to there, her white cottontail jiggled provocatively, and her accomplishments included the "bunny dip," which enabled her to serve drinks without bending too far over. Thus the Playboy bunny, for 26 years the just-out-of-reach embodiment of the Playboy philosophy in Hugh Hefner's Key Clubs. But alas, what was once risque is now passe, not to mention money losing. This week Hefner is closing the three remaining (out of a high of 17) Playboy-owned clubs, in New York City, Chicago and Los Angeles. Reunions in the latter...
...Government also said that during the past three months, the consumer price index dropped at a 4.3% annual clip, the steepest decline in 37 years. Again, economists note a disturbing trend beneath the surface. Most of the CPI's dip has been the result of falling oil prices, which are now starting to rise again...
...about taking European vacations. In addition, the sharp decline in the value of the dollar, which has dropped 18% during the past year against an average of major currencies, makes journeys to other countries more expensive and less attractive to many Americans. At the same time, the dollar's dip makes U.S. tourist spots a bargain for foreigners. If all that were not enough, the falling price of gasoline (83 cents per gal. for regular unleaded, vs. $1.17 in September) has made it especially appealing for Americans to hit the road. In short, the forecast for the U.S. travel industry...
Lenders report that some consumers are so intent on getting the best possible interest rate that they delay closing a deal to wait for one more dip. Says George Engelke, executive vice president of Astoria Federal Savings in New York City: "It's good, old-fashioned playing the market...
...using foreign currency reserves to finance budget shortfalls. The United Arab Emirates, a federation of seven sheikdoms, has been politically weakened by the oil-price collapse. The federal government that binds the state together is virtually broke, and the two leading emirates, Dubai and Abu Dhabi, are reluctant to dip into their own shrunken treasuries to bail...