Word: hovers
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Dates: during 1980-1989
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Partly his staying power comes from an almost religious dedication to craft. Christian symbols and ethics hover around much of his work; it was no accident that in Atlantic Brief Lives, a biographical compendium, he chose to write about Søren Kierkegaard. The existentialist, Updike noted, works "with flirtatious ambiguities, elaborate deceits and impersonations, fascinating oscillations of emphasis, all sorts of erotic 'display...
Paulus was less sanguine about the outlook for interest rates on long-term bonds, which finance capital spending. Even after a drop of more than one percentage point since July, the rates on top-quality industrial bonds still hover above 13%. Because the prospect of huge federal budget deficits is likely to rekindle fears that inflation will reaccelerate, Paulus said, long-term rates may remain around current levels in 1983 or even edge up slightly...
...borrow, that is. Interest rates now hover around 17%, and many simply cannot afford to take out another loan. American farmers were $200 billion in debt this spring, which is more than twice as much red ink as in 1975. Younger farmers, as well as farmers who borrowed heavily over the past decade to expand their operations, have been especially hard hit by high rates. Farmlands, which once served as attractive loan collateral, are falling in value, and thus many commercial banks no longer view farmers as worthy risks. In the past ten years, commercial bank participation in farm debt...
...European economy will not be solved before the end of the decade." Chase Econometrics, a U.S. consulting firm, has projected that between now and 1991, annual growth in most industrial countries will average only 2% to 3%. Worse, Chase predicts that unemployment in the U.S. and Europe will hover around 8% to 9% over the next decade...
...yesterdays: walk out of the rain and into a 1940s world of overhead fan blades and women in shoulder-pad jackets moving to the cadence of a keening alto sax. The filthy streets are clogged with Third World losers and carnivores, while 10 ft. above them the police cars hover, monitoring the future as it molders into chaos...