Word: fading
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...market's rapid conversion from boom to gloom may well signal a fade-out of confidence in America's long-running economic good times. Despite reassuring words from the White House and Treasury Secretary James Baker, the unruly mob on Wall Street saw only the threat of rising interest rates and faltering economic growth. "I fear we will have the worst of possible worlds, with high interest rates and a recession," said Rudy Oswald, chief economist...
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...initial euphoria over Aquino's surviving the revolt began to fade, the government found itself confronted with yet another problem. The mutiny's charismatic leader, Colonel Gregorio ("Gringo") Honasan, 39, and as many as 2,000 followers were still at large. Last week they announced the formation of a fugitive junta and promised to challenge Aquino for control of the country. Moreover, a majority of the armed forces who remained loyal to the President nonetheless appeared sympathetic to Honasan's cause. Aquino thus found herself in a delicate position: if she does not deal firmly with the rebels, they...
...remains stubborn and unbowed and believing and upbeat; he refuses to hold a grudge. The essence of his talk in the afternoon light of the Oval Office was that a foreign policy operation, born of the best of intentions, went wrong. But the damage, he is certain, will fade. Reagan is calling for the nation to forget and move into the future. Details be damned; unanswered questions be hanged. The great congressional inquisition is finished. Does that mean it is all over? Yes, says Reagan, "as far as the audience is concerned." And Reagan has read the American audience better...
...perchance, some of the ideological underpinnings of that struggle are beginning to fade away, the rivalry could become far more manageable. Unlike other great international rivals, the U.S. and the Soviets have little serious conflict over commercial markets. And despite the struggle for political influence, both sides share an interest in calming certain regional disputes, like the Iran-Iraq...