Word: gloomiest
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Dates: during 1980-1989
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Last week a decree went out from the Bethlehem city council that will make Christmas 1988 the gloomiest yet. To express solidarity with the Arab cause, the leaders ordered historic Manger Square to be bare of the usual tinsel and twinkling lights. The city is also canceling the annual Boy Scout parade and its reception for visiting dignitaries. Moreover, many citizens say they are too dispirited this year to hold their customary family celebrations. The new Latin patriarch Michel Sabbah, a pointed critic of Israel's policy toward Arab residents, will still lead the centuries-old procession across the square...
...Even the gloomiest figures, though, now offer some paradoxical cheer. The fourth-quarter dive in G.N.P. resulted largely from a cleanout of inventories of unsold goods, especially cars. That puts business in a position to raise production sharply and rehire workers once final sales turn up, as auto sales already have. Housing starts last year, at 1,061,000, were the fewest since 1946. But the monthly rate, even after a December setback, has jumped 43% from its October 1981 low. Further increases are likely because of a sharp drop in mortgage interest rates that also was the primary force...
Wall Street's gloomiest forecasters argue that sky-high borrowing costs are literally ruining the business environment for American industry. Says Raymond Dalio of Bridgewater Associates, a Wilton, Conn., economic forecasting firm: "I think we'll see a repeat of the Crash of 1929. The only way we can avoid a further acceleration of failures is to get a substantial break in interest rates accompanied by a sharp increase in economic activity. That has not happened, and that is why I believe we are already in the early stages of a depression." Dalio expects the Dow to drop...
...ears told them. The French visitor worried about a tyranny of the majority, and the American sees crude sloganized opinions percolating up by means of incessant poll taking to control the nation's political discourse. Tocqueville brooded about the place of blacks in the society. Reeves, in his gloomiest moments, thinks that if violent repression ever does come to the U.S., it will be through hysterical efforts to control street crime. A general feeling among whites, he reports, is that "We've done enough for the bastards." A widespread belief among Detroit blacks, he learns, is that whites...
...GERMANS: Teutonic angst, presumably, makes the Germans the gloomiest about their health. They worry about job security and promotion and are least proud of their nationality. Additionally, West Germans indicate that they are the most intolerant toward extremists on the right and left, foreign workers, cult religions and even heavy drinkers...