Word: dropping
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Dates: during 1970-1979
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...call was rich in irony. Blumenthal in 1977 won a global reputation as ''the man who talked the dollar down" because he argued that its drop would bring a beneficial increase in U.S. exports and thus was no cause for alarm...
Some of the euphoria clearly passed the bounds of logic, and by week's end a reaction was setting in. Though the dollar continued gaining abroad, stock and bond prices fell back somewhat. The drop indicated that realism was replacing mere enthusiasm. Carter's new program is welcome because it is far better for Government to face up to its difficulties than to continue temporizing. But the fact that the Administration and the Federal Reserve felt such drastic steps to be necessary indicates how seriously the economic situation had been deteriorating...
...drop opened frightening prospects. As Blumenthal stated on TV last week, an endless fall in the dollar's value would destroy any chance that Stage II could succeed; the rise in import prices would overwhelm the most valiant struggles that companies and unions
Although cancer specialists point out that the incidence of invasive cervical cancer has fallen by more than 50% since yearly screening became widespread, they have no hard evidence to link the drop to the test. The decrease might be explained by other factors like the increasing number of hysterectomies, in which the cervix is usually removed. The true efficacy of the test is also clouded by the fact that though half the adult women in the U.S. have Pap smears annually, relatively few of the tests are on women who run the highest risk of developing cervical cancer. The disease...
...concedes, "bounce around a lot." But even if the figures swing down again, U.S. industry could brandish a new study by the Organization for Economic Cooperation and Development on the relative competitiveness of 24 major industrial countries. It found that, largely as a consequence of the dollar's drop and rising world prices, the U.S. now enjoys the lowest production costs and highest profit margins of all the 24. Steeply rising U.S. export and import prices relative to all other OECD countries, including Japan and West Germany, provided U.S. manufacturers with ever widening profitability margins. The OECD analysts concluded...