Word: grosse
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Dates: during 1980-1989
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...economy began to slide in 1980 under the pressure of a world recession and low prices for the country's copper and lead exports. Belaúnde further undermined the economy by borrowing excessively from other countries and failing to curb money-losing state enterprises. The gross domestic product declined 12% last year, the worst performance in Latin America. Inflation hit 125%, unemployment 8.3% and underemployment 51%. The Peruvian sol declined 130% against the dollar during 1983. The country's foreign debt is $13 billion, about two-thirds of its gross domestic production. Belaúnde put Peru...
...policymakers to keep the economy on course. Early in the week, big U.S. banks boosted the bench-mark prime rate from 11% to 11½%, the first such increase in seven months. The very next day, the Commerce Department weighed in with a "flash estimate" showing that the gross national product in the first quarter is rising at the unexpectedly brisk annual rate...
Caldicott, president emeritus of Physicians for Social Responsibility, joined Rep. Ed Markey (D-Mass.) and Ariela J. Gross '87 in lambasting the defense policy of the Reagan administration...
...Gross, a freshman from Princeton, N.J. became the focus of media attention last June when she used her opportunity as winner of a Presidential Scholarship to deliver Reagan a critical letter opposing his arms buildup...
...Gross later met with Reagan for 30 minutes. She described the President as "vastly uniformed... It was scary." He told me that Americans had the privilege of freedom of speech, but also the responsibility to be right," she added, drawing laughter from the crowd...