Word: dropped
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Other men attracted greater attention than Teng Hsiao-p'ing in this varied and violent year (see story page 40). After an uncertain apprenticeship that saw his popularity rating drop to 30% in the polls, President Jimmy Carter was able to recoup through his foreign policy victories. At his Camp David summit, Carter appeared for a while to have achieved a miracle for the Middle East?a peace treaty between Israel and Egypt. But at year's end the negotiations were frustratingly stalled. Poland's Karol Cardinal Wojtyla, the athletic, scholarly Archbishop of Cracow, became the first non-Italian Pope...
...large price increase if Iranian production had not been disrupted. When rebellion broke out there in September, output fell from 6 million bbl. a day to less than half a million. Though Saudi Arabia tried to fill the gap with its own surplus, that did not suffice. "The drop in production in Iran was the important factor in the price boost," says a U.S. Treasury official. "The Saudis are able to hold off the price hawks as long as they have excess capacity. They couldn't push any further, though, and had to give...
...stretch out over as many as four. The consensus is two or perhaps three quarters. Eckstein calculates that corporate profits after taxes will rise only 5% next year, vs. 14% in 1978-and will go up even that modestly only because the tax rate on most corporate income will drop from 48% to 46% on Jan. 1. Arthur Okun, senior fellow at Washington's Brookings Institution, put the increase even after taxes at a round zero...
...TIME economists generally beLieve the dollar will continue to hold steady next year, or even rise a bit. Big reason: the U.S. trade deficit, estimated at a record $28 billion this year, will drop by anywhere from $6 billion to $12 billion, as the recession cuts into imports. Stability in the dollar, in turn, will help to reduce inflation by holding down increases in prices of imports and of U.S.-made goods that compete against them...
...tough anti-inflation program, and "the politicians," led by Vice President Walter Mondale and Domestic Affairs Coordinator Stuart Eizenstat, who feared that such a program would alienate Democratic voters. Nor did the Administration's moneymen fully appreciate the vicious circle in which inflation weakens the dollar and a drop in the dollar spurs more inflation. Treasury Under Secretary Anthony Solomon, with Blumenthal's support, argued against doing anything to prop the dollar until its rout had degenerated into a panic-by which time the greenback had sunk 18% against the German mark and 26% against both...