Word: grosse
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Dates: during 1980-1989
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...spirited defense of his policy of building ties to the West. "We suffered from this, and our forefathers suffered from this. Isolation landed China in poverty, backwardness and ignorance." Only by means of foreign investment and trade, Deng said, could China achieve a paramount goal: to quadruple its gross national product to $1 trillion by the year...
...reports of the airlift brought an angry response from Ethiopia's Marxist regime. In Addis Ababa, the Foreign Ministry called the operation "illegal," "sinister" and "a gross interference in Ethiopia's internal affairs." The statement charged Sudan with accepting financial inducements to help the Israelis. Sudan denied the allegations, calling them "part of a malicious plot against Arab solidarity." Neither Sudan nor Ethiopia has diplomatic relations with Israel. The cost of the airlift, code named Operation Moses, could exceed $100 million. It is financed largely by American Jewish organizations and individuals. To Israel, the program has a particularly deep meaning...
Interestingly, Turner was completing a book of his own, German Big Business and the Rise of Hitler. That volume, scheduled for publication by Oxford on Jan. 20, attributes the Weimar Republic's demise to an array of historical causes. "Only through gross distortion," writes Turner, "can big business be accorded a crucial or even major role." Privately, he now comments, "If Abraham's right, I'm wrong...
Early in 1984, though, the economy seemed unstoppable. For the first half of the year, growth in the gross national product, after adjustment for inflation, reached 8.6%. Some economists feared that so exuberant an expansion ) would cause inflation to accelerate. To prevent that, the Federal Reserve Board in the spring tightened the money supply and let interest rates rise. The prime rate, which banks charge for corporate loans, climbed from 11% in March to 13% by June...
...economy sent out encouraging signals of its own last week. The Commerce Department estimated that the gross national product grew 2.8% during the fourth quarter. That so-called flash figure exceeded expectations that growth would be in the 1.5%-to-2.5% range. At the same time, Commerce underscored the sharpness of the third-quarter slowdown by adjusting its estimate of that period's G.N.P. gain from 1.9% to 1.6%. The Government also reported that the November consumer price index rose at an annual rate of 2.7%, the smallest increase since June. Meanwhile, Americans' personal income rose a vigorous...