Word: downwardly
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When Derek Bok stopped to consider his first six weeks as President of Harvard, he allowed as how he "felt a little as if I'm on the edge of a precipice looking downward." He may be, but he shows no apparent signs of trepidation...
...flicks that flop is an astonishing 70%. In the best of times-which these are not-the lure of the long shot attracted enough moneyed players to keep the game alive. In recent years, however, recession, declining profits and rising costs have sent the movie industry into a dizzying downward spiral...
...Drifting Downward. U.S. Administration officials saw the Japanese decision to set the yen adrift among the world's currencies as a tangible sign that the Nixon moves are succeeding-but they emphasized that it was no more than a first step. European reaction to the Japanese announcement, which came within hours of the close of business Friday, was a mixture of surprise and bewilderment. In West Germany the dollar had not declined in early trading. But as the week progressed, rumors began to circulate that the International Monetary Fund, the clearinghouse established at Bretton Woods in 1944, would eventually...
Installation of the pump was intricate business. Shanks, who was near death, was wheeled into the operating room at 7:15 p.m. Doctors opened his chest and slit the descending aorta, the downward trunk of the main artery leading from the heart. They then sewed the booster directly into the aorta, led the air hose out through the chest and connected it to the exterior tank. The procedure took five hours, but it was not until 5 a.m. that Shanks left the operating room; Kantrowitz kept him there until he was certain that the booster was doing...
...Mirroring the consumer's caution, businessmen are also keeping a tight rein on expenditures. "The projection for plant and equipment spending for the year has even been revised downward," says Economist Edward Boss of Chicago's Continental Illinois National Bank and Trust. "That is unusual for a recovery period." Spending for inventories is also sparing. Total business inventories in May rose about $630 million, roughly the same as in April. The cost of borrowing is rising; last week the Federal Reserve Board lifted its discount rate to banks by 1% to 5%. Many forecasters now believe that...