Word: downwardly
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Determined to halt the downward drift of the school system, Boston area businesses have been stirred into action. In an imaginative program announced last week, nearly three dozen companies set a fund-raising goal of $5 million to help cover the tuition costs of any public high school graduate who is accepted by a college. What's more, the companies pledged to give the students priority in hiring after graduation. Says Edward Phillips, a leader of the effort and chairman of New England Mutual Life Insurance Co., which donated $1 million to the plan: "Our goal is that no qualified...
...price of gold soared to $850 per oz., dozens of small operators and thousands of individual prospectors jumped into the hunt. Most of those revenants of the sourdough era have since disappeared in an industry shake-out that began in the early 1980s, as the value of gold headed downward. The boom is now mostly confined to large, well-financed firms that were initially attracted by gold's higher price. With gold currently selling at more than $400 per oz., the operators can still make an average profit of as much...
...ages 30 to 34 report giving 1.7% of their income, according to a 1985 Yankelovich poll. That may be because they have not yet reached their full earning capacity and have less disposable income than their elders. Still, baby boomers seem less willing to give than their parents--"a downward trend that bears serious watching," says Richard Lyman, president of the Rockefeller Foundation. "It would be a tragedy if it is an early sign that philanthropy in this country is losing some of its force...
Though oil prices have been drifting downward since 1981, the current price war began when Saudi Arabia got fed up with its OPEC partners. For years the kingdom, which holds about one-fourth of the world's oil reserves, tried almost single-handed to prop up prices by curbing its production. The country wound up slashing its output from a peak of 10.3 million bbl. a day in 1981 to ! a low of 2 million bbl. a day last June. During that time its annual oil revenue fell from $113 billion to $28 billion. Many of the other twelve countries...
...example, executives expect that saving from the decrease in diesel prices will be substantial. The bad news for Norfolk Southern is that some 35% to 40% of its freight is coal, and as oil prices have fallen, the volume of domestic coal traffic has begun to head downward...