Word: downwardly
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Last week's debacle in Geneva will keep downward pressure on world oil markets in spite of the Saudi cut, at least for a while. But the price relief could be surprisingly short-lived. Reduced OPEC production has already begun to work off the global crude surplus. Constantine Fliakos, an oil analyst with the Merrill Lynch investment firm, calculates that world oil production is now falling short of demand by at least 1 million bbl. per day. Autumn, when northern countries prepare for winter, is normally a period of increased energy demand. And, although oil tanks are full, they...
Unfortunately, its circulation and advertising figures did not improve along with the editorial product. The downward march paused briefly in 1979, but resumed when the local economy slumped and the Star stopped offering cut-rate subscriptions, an enticement for new readers that proved too costly. After 3½ years, daily circulation had slipped from 349,000 to 323,000 and Sunday totals had dropped from...
Higher inflation will put further downward pressure on the weak Mexican peso, which is being artificially supported on the world's money markets by the Mexican central bank. Devaluation would aid tourism, boost exports and help close a large trade deficit. But the last time a Mexican government undertook a major devaluation, in 1976, billions of dollars fled the country, inflation surged to an annual rate of more than 50% and economic growth came to a halt. No Mexican government wants a repeat of the 1976 devaluation fiasco...
...other words, an admissions policy at Harvard that took race into account in "adjusting" the scores of blacks to reflect their later performance would adjust the scores downward...
...slowdown or halt in price increases has been caused by a minisurplus of petroleum, which has created a strong downward pressure on prices. One oil company after another is shaving the prices it will pay for crude. Exxon and Mobil, the two largest American producers, have instituted automatic cutbacks of about $2 per bbl. in the prices that they will pay to independent domestic suppliers...