Word: dips
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Dates: during 1980-1989
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...strong hope for an improved trade situa tion, the economists agreed, would be a still weaker dollar. Indeed, Treasury Secretary James Baker prompted a new dip in the dollar's value last week by declaring that the currency may have to come down further to force a shrinkage of the trade deficit. If the greenback were to fall another 15% against all currencies, Economist De Vries figured, it would slash about $50 billion from the deficit. One reason: foreign manufacturers would finally be compelled to push their prices up substantially on goods sold in the U.S. The rise in import...
...former Disney Animator John Lasseter, manages to charge two perfectly realistic desk lamps with the emotional intensity of a father-son relationship. When Luxo Jr. accidently bursts his bouncing ball, the film evokes sadness, compassion and remorse with nothing more than the wave of a lamp cord and the dip of a smooth, metallic head. "Reality is a convenient measure of complexity," says Smith. "But why be restricted to reality...
...Wyeth finally referred to the cache in an interview with Art & Antiques (see box). That summer Betsy met her husband at the airport in Rockland, Me., and as their eggplant-colored Stutz Blackhawk negotiated the trip homeward, Wyeth told her his story. "I remember the dip in the road," Betsy says. "He said, 'Darling, I have something to tell you. I've given an interview to an interesting man from Art & Antiques. I mentioned some paintings that no one knows about. And that's not fair to you.' And he told me he had been doing a series...
Specifically, TIME's economists estimated that growth in the U.S. GNP will rise from a trough of 2% in the second quarter to 2.5% in the second half of this year. In 1987, however, they expect the rate of expansion to dip again to ( 2%. Western Europe is likely to have stronger growth: 3% this year and 3.5% in 1987. As usual, Asian nations are expected to be the top performers. Japan, for one, will come roaring out of its doldrums, boosting growth from 1.8% this year to 5.7% in 1987. South Korea's economy will surge a spectacular...
...problem is a lack of customers. Foreign sales of U.S. farm products have faltered because dozens of countries from Brazil to China have become more self-sufficient, while heavily indebted Third World nations lack the money to buy significant imports. This year total U.S. farm exports are expected to dip to $27.5 billion, down 12% from fiscal 1985 and 37% from 1981. At the same time, U.S. imports of such products as fish, fruit and vegetables have increased. Earlier this month the USDA announced that during May the U.S. became a net importer of farm products for the first time...