Word: gloomiest
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Chairman Alan Greenspan was doing a pretty fair imitation of Scrooge. In congressional testimony last week, the Fed chief gave his gloomiest ever assessment of the economy, warning that consumers and businesses are so top- heavy with debt that a recovery is nowhere in sight. And any attempt by Congress or the White House to sneak through a quick-fix tax cut, he added, could widen the budget deficit and further harm the economy...
...benefit of unification that should gladden even the gloomiest German heart is the reduction of superpower forces and an end to the crises and tensions of cold war. Yet there too unexpected problems have arisen. The withdrawal of the Soviet Union's 380,000 troops in the east, due to be completed in 1994, is turning out to be costly and messy. First there is the more than $15 billion that Bonn promised to pay Moscow for transportation, new housing and the purchase of vacated bases. But it could cost nearly that much again to clean up oil, munitions, radioactive...
...thought the savings and loan disaster couldn't get much worse, well, think again. In the gloomiest assessment of the megamess yet, U.S. Comptroller General Charles Bowsher said last week the Resolution Trust Corporation, which is handling the bailout, was in such disarray that government accountants cannot even audit its books. That means Washington has no clear idea of how much the bailout will ultimately cost as the RTC shuts more than 1,000 bankrupt S&Ls and sells off real estate and other assets...
...body of Kurt Vonnegut's writing contains some of the most uncomfortably funny social satire in English. What is offered here is something else, a try at prophecy in the darkest and gloomiest biblical sense. As prophecy it is major or minor, right or wrong, the reader's choice. As literature it is minor Vonnegut...
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...