Word: highes
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Dates: during 1980-1989
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...plan, such companies as IBM and Apple Computer will be able to export machines ten times as powerful as older units that may now be shipped without special approval. But the sale of top-of-the-line models, notably the Macintosh II and IBM models equipped with the high-speed Intel 80386 microprocessor, will still be subject to strict controls...
Moscow quickly dispatched a high-level delegation to meet the strikers, led by Politburo Member Nikolai Slyunkov. Mikhail Shchadov, the minister in charge of coal mines, had earlier told the workers that they were not prepared for the independence they were demanding. But after negotiating with local strike leaders into the early hours of the morning, the Moscow delegation finally agreed to sign a protocol promising that the region's mines could decide on their production levels and investments. The state would raise miners' pay for night shifts by $50 a month, a 40% increase, improve food supplies and spend...
...stalled dramatically, contributing to a drop in total retail sales of 0.4% last month and 0.1% in May, the first back-to-back monthly declines since September and October of 1986. Industry is showing the same trend. U.S. factories operated at 83.5% of capacity in June, down from a high of 84.3% in January, a strong indicator that the economy has passed the peak in its current growth cycle...
...slowest pace in 16 months. While Greenspan said he sees inflation as a lingering menace, he confirmed that for the moment it has been eclipsed by a need to keep the economy afloat. As a result, interest rates on three-month Treasury bills have fallen from a high of 9.4% in late March to 7.9% last week. The clarity of the Fed's purpose has sent Wall Street on a bullish stampede to post-October 1987-crash highs. Last week the Dow Jones average climbed 53 points, closing...
...tremendous buildup of business debt during the long expansion leaves the economy even more exposed to the effects of a recession. Since late 1982, corporate debt has more than doubled, from $1.1 trillion to $2.2 trillion. Investors in junk bonds, the high-yield securities that account for $225 billion in debt, could be among the first to feel the pinch. According to a study conducted for a group of junk-bond issuers by the economic consulting firm Data Resources, 1 out of every 8 will default if the economy falls into a soft landing. A major recession could produce...