Word: draining
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Dates: during 1980-1989
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...higher price is closer to the actual worth of the land, the city cannot afford to pay it at a time when school programs are being cut and there is a dire need for more public housing. Harvard, again along with the institutions it attracts, acts as a drain on the city's tax base, a drain that is not plugged by the University's modest in-lieu-of-tax payments...
...with bad timing and bad luck. Hardly had the shouts of dismay over the U.N. humiliation ebbed when Pakistan jolted the President by brusquely rejecting a U.S. offer of $400 million in military aid because it was too little ("Peanuts," Pakistan President Zia had said weeks before). Down the drain with that went the efforts of National Security Adviser Zbigniew Brzezinski, who only five weeks ago on a mission to Islamabad had attempted to convince Zia that his security and future lay with the U.S. America, offering its money and a hint of its might, had been spurned in quite...
...past two years, Peking has signed contracts worth nearly $2 billion, as much as one-third of its total technology bought abroad, to build four ethylene plants and three hydrocracking units. Most of these imports will be paid for in cash on delivery, thus creating a substantial drain on the country's foreign reserves, which are estimated to be as little as $1.5 billion...
...plan to plead not guilty. If convicted, they face maximum penalties of five years in prison and $10,000 fines. Jones, who had hitherto received high marks from the school board, and Barnes, an educator for twelve years, may also face the prospect of careers go ing down the drain...
...that, Wall Streeters are beginning to echo a certain heady confidence that the sorry 1970s had seemed to drain away almost entirely. Says Wall Street's Lurie: "I think people in this business have forgotten just how much fun a bull market really is. To me, all those rationalizations not to invest are pointless. We've come through ten years of bad times, this is an election year, the start of the 1980s, a big era, and it's going to be a big market...