Word: farness
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Dates: during 1980-1989
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...front of Communist Party headquarters in the Ukrainian city of Makeyevka, 5,000 miners in battered helmets, their faces and overalls black with coal dust, staged a sit-in to demand better working and living conditions; their ranks eventually swelled to almost 150,000 from 94 mines. Far to the east, in the Kuzbass in Siberia, the numbers were even greater. About 180,000 miners abandoned their pits to occupy central squares in nine cities, plastering reviewing stands with homemade signs proclaiming DOWN WITH BUREAUCRATS and KUZBASS: CLEAN AIR, MEAT FOR EVERYONE, WE DEMAND SOCIAL JUSTICE...
...words sounded like those of a business leader lecturing the U.S. central bank about the dangers of letting the economy slump too far: "It is prudent for the Federal Reserve to recognize the risk that such softness ((in the economy)) conceivably could accumulate and deepen, resulting in a substantial downturn in activity." Yet the statement came from Fed Chairman Alan Greenspan, who went public with a surprisingly frank assessment last week that, at least for the moment, a recession has replaced inflation as the leading threat to the U.S. economy. In his midyear report to Congress, Greenspan confirmed that since...
Economists have been hoping that a modest slowdown would help ease another thorny problem, the U.S. trade deficit, by suppressing the American appetite for imported goods. So far, that has not happened. The Government announced last week that the trade deficit swelled to $10.2 billion in May, up from $8.3 billion in April. Especially troubling was a 4.3% rise in imports, to a record $40.7 billion, which suggested that foreign brand names remain a powerful enticement for U.S. shoppers...
...final analysis, everyone from corporate chieftains to cab drivers realizes that the expansion cannot go on forever. "Someday, some event will end the extraordinary string of economic advances that has prevailed since late 1982," Greenspan told Congress last week. So far, Greenspan has provided a delicate touch in stifling inflation without making the kind of sudden moves that could trigger a recession. The U.S. may be in for only a brief and relatively innocuous reversal like the one in 1961 rather than the painful contraction of 1981-82, when the unemployment rate averaged 8.7%. The current slowdown...
...Saltoro area; the suggestion has been rejected by Pakistan. In the talks last month, New Delhi broached a new formula slightly closer to Pakistan's: pull back all troops and establish a demilitarized zone, then negotiate on establishing a line from NJ 9842 to the Chinese border. So far, there has been no agreement...