Word: gain
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Dates: during 1970-1979
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...recession hit bottom in the spring. By May, retail sales began to move up smartly; by June, unemployment began to drop slowly. For the second quarter, real G.N.P. squeezed out a gain at an annual rate of 1.9%. That ballooned to 13.2% in the third quarter, as businessmen at last cleaned out swollen inventories and began filling orders from new production. The sell-off gave the economy a one-shot lift; the rate of production growth is widely expected to drop back to about 5% in the current quarter-an anticipated development and no cause for alarm...
Perhaps the degree of our satisfaction with a place or an experience is directly dependent on how much we expect to gain from it in the first place. Speaking personally, my semester at Harvard was both enjoyable and satisfying, but I came here with my eyes open, not expecting immortal truths and revelations to fall into my lap every time I shook the academic tree. It is an attitude I heartily commend to all incoming freshmen for, as a sage old British friend once told me, "The only place one is likely to find the Philosopher's Stone...
...Rolling joints. (Note: My sources tell me this is great for developing manual dexterity, but it is only effective if you do it for other people. Apparently, if you do it for yourself, the net physical gain is minimal...
...accepted a compromise. At the conference, the Common Market will speak through the voice of the Italian delegation; two other countries, Britain and Luxembourg, will be able to make comments as well, so long as they basically adhere to the overall Market position. Wilson's obstinacy, however, did gain Britain something: the Nine agreed to support a minimum price for oil, possibly $7 per bbl. The costs of producing the North Sea oil are so great that Britain feared any drop in prices would make its stormy offshore fields unprofitable and thereby ruin forever its chances of rising above...
With little to gain and enormous sums to lose by pressing for their money, Continental's creditors are again ignoring the deadline and some are negotiating new terms-such as deferring interest payments for three years. There is ample precedent: Chase Manhattan Mortgage & Realty Trust, the biggest of all REITs, sponsored by Chase Manhattan Bank, recently refinanced $761 million in bank loans, and got the interest rate reduced to as little...