Word: downwardly
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Interest rates have replaced inflation as the No. 1 double-digit nightmare of businessmen everywhere, and the sheer unpredictability of the future cost of money has all but paralyzed decision making in firms both large and small. Last week short-term interest rates moved a notch downward, as several of the nation's largest banks dropped their prime rate to 18%. But long-term rates for corporate bonds and other such investments actually showed signs of inching upward a touch...
...cuts could take various forms. One proposal is a reduced omnibus funding resolution, an emergency step the Administration might suggest while Congress finishes the appropriations process. Under existing budget rules, Reagan could also ask for a Second Budget Resolution, with which he would presumably adjust the overall ceiling downward. A third option revealed only this weekend would be immediate reductions through administrative deferrals--spending delays that vaguely resemble the (now illegal) impoundments made famous by Richard Nixon. Congress could block the deferrals but only with an endless and unlikely string of resolutions...
...raised even more concerns about future economic growth. Stocks in London, for example, have been depressed since early in September, when many of Britain's largest banks pushed up interest rates another two points to 14%. Said David Oldham of Wedd, Durkacher: "The market was on a downward path anyway due to high interest rates. The flamboyant statements made by Granville simply gave it a kick in the seat of the pants on the way down." Issues traded on the Paris stock exchange have moved uncertainly since before the May election of Socialist President François Mitterrand...
Racing toward Saturn at 54,000 m.p.h.-20 times as fast as a speeding bullet-the 1,800-lb. spacecraft came within a cosmic hair of the planet's stormy cloud tops, clearing them by 63,000 miles. Then it plunged downward behind the huge gaseous sphere and passed through a large gap near the edge of the thin disc of icy debris that forms Saturn's multi-hued rings. Finally, like a pebble in a great celestial slingshot, it was sent hurtling off toward Uranus on a new course created by the powerful pull of Saturn...
...year the inflation rate has fallen from 12.4% to under 9%. Economists believe that the dollar's surge may have caused as much as half of that decline. Says Charles Schultze, who was President Carter's chief economic adviser: "The dollar's appreciation is undoubtedly putting downward pressure on inflation...