Word: grimness
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Dates: during 1980-1989
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...nation's financial and commodity markets are reacting to these grim developments with exaggerated tremors characteristic of a hyperinflationary period. For many months, investors have been putting their cash into hard, tangible assets, especially gold and silver. Speculators then jumped in, buying more with borrowed money and driving prices to levels beyond all reason. Markets gripped by such frenzy are always vulnerable, especially in a time of sky-high interest rates. Any drop in prices causes some speculators, unwilling to keep paying high interest on their loans, to sell out. The further drop caused by their selling leads...
...government's own count, which was published in the official English-language Kabul New Times two weeks ago, thousands of demonstrators were arrested. So far, says the government, it has released more than 2,000, many of them teenagers. Untold others are still detained in Kabul's grim Pul-i-Charki prison...
...week's end, as the chances of finding more survivors faded, the grim toll stood at 40 dead, 83 missing and presumed dead, and 89 rescued. Said an incredulous Captain Kjetil Hauge, whose crew had been relieved only hours before the catastrophe: "I was horrified and shocked. I had been convinced that something like this could not happen. Not with that...
...philosophy of monetarism-unflinching regulation of a nation's money supply as the golden elixir for economic health-flows through every line of the Thatcher government's budget for 1980. The proposed budget, which is virtually assured of passage, was presented last week to a grim session of the House of Commons by Chancellor of the Exchequer Sir Geoffrey Howe, and the reactions it produced ranged from apprehension to bitterness...
...every 3% jump in economic growth, unemployment declines 1%; until the 1970s stagflation, the rule worked perfectly. Okun also invented the "discomfort index," the sum of the rates of unemployment and inflation. Okun's abiding concern was to control inflation without triggering recession and its grim results for the poor. Economic efficiency, he believed, must yield somewhat to social equality, or as he put it: "Society can transport money from rich to poor only in a leaky bucket...