Word: dismalness
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Dates: during 1980-1989
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...rates would stay down temporarily, and production might grow rapidly and unemployment drop for a while. But then inflation would reignite, and sooner or later the Federal Reserve would have to crack down again to choke off the miniboom. That scenario would in effect mark a return to the dismal and overlapping inflation-recession cycles...
...prices even lower. Since 1975, as farm expenses have nearly doubled (from $75.9 billion to $141.5 billion), net farm income has fallen. Profits, which declined from $32.7 billion in 1979 to $22.9 billion last year, may dip as low as $16 billion this year, making 1982 the third dismal annual showing in a row. Says Thomas Urban, president of Pioneer Hi-Bred International, a Des Moines-based seed company: "There is nothing for the farmer to be feeling good about...
Even if he had done so, the immediate effect on grain prices would have been negligible unless the Soviets had signed on for astronomical amounts of grain. The farmers' central problem is that bumper crops and record surpluses have put grain prices at dismal lows. In Kansas, where farmers have just harvested a record wheat crop of 440 million bu., grain is selling at a meager $3.65 per bu., down from $4.05 a year ago and from over $5 in 1973. In Oklahoma, where wheat is selling at $3.20 per bu., farmers invest nearly $6 to harvest each bushel...
...modern economy is not just a dismal saga of inflation though. The S.M.A.P. can also remember when the first ball-point pens came on the market for $12.50. No longer, said the ads, could ink leak from your fountain pen and ruin your new shirt. The S.M.A.P. had in those days a rich friend who spent $52 on the Fritz Busch performance of The Marriage of Figaro (on 17 breakable records); that version, one of half a dozen, now costs $18. When the S.M.A.P. first went to Europe in 1946, the only way he could find to get there...
...novel in the mid-1940s he wrote to Freidenberg: "It is my first real work. In it I want to convey the historical image of Russia over the past 45 years, and at the same time I want to express in every aspect of the story-a sad, dismal story, worked out in fine detail, ideally...