Word: heaviest
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...numbers alone tell an awesome story. U.S. debt for all households, governments and nonfinancial businesses swelled last year by $722 billion, or 14%, marking the largest increase ever. Led by the runaway buildup of federal borrowings, every sector of the economy contributed to the record gain. Business added the heaviest load of new obligations in more than a decade. Consumer debt took the greatest leap in five years. Warns Federal Reserve Chairman Paul Volcker: "Debt growth of this magnitude would appear to be much faster than is consistent with the long-run health of our economy and financial system...
...faces a $1.04 million criminal fine and civil penalties of up to $1.08 million, and will have to reimburse the Air Force for the $800,000 it lost in the fraud. The heaviest cost, though, may fall on the company's reputation. It was GE's worst scandal since three top executives were convicted of price- fixing and went to prison...
Less distinct, and less familiar, is the squadron of players who mostly watched this year. The heaviest burden is on them, and on McLaughlin, who says he will need help from the Harvard administration to bring the program up to its potential...
...York Stock Exchange torrid trading advanced market indicators toward new highs. On Monday the Dow Jones industrial average jumped 34.01 points, the eighth strongest gain ever. Next day nearly 175 million shares changed hands on the Big Board; it was the busiest activity since October and the fourth heaviest trading day of all time. Analysts attributed the brisk activity to a surge of optimism about the economy. Said Larry Wachtel, first vice president of Prudential-Bache Securities: "There's a new mood sweeping the country and Wall Street. Investors are convinced that 1985 will be a good year...
With the '84 election out of the way, many strong contenders are coming out of the closet, leading observers to believe that the Democratic primary race will be a knock-down, drag-out battle between the region's heaviest heavies...