Word: leveller
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Dates: during 1980-1989
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...prospects finally seemed to brighten this year. The country's stock market became the world's fastest- rising exchange, as share prices climbed more than 649% during the first nine months of 1987. The government's foreign currency reserves swelled by 150% to a comfortable $17 billion, the highest level of any Latin American debtor country, and a surge of exports helped the Mexicans rack up a $6.6 billion trade surplus...
...left of public confidence in the Mexican economy. Even American retailers along the border who rely on Mexican patronage will probably experience reduced sales. Moreover, the falling peso will surely fan the country's raging inflation. Prices are now rising at an annual rate of 141%, the highest level in Mexican history...
Whatever the results, editors and network-news producers can hardly trim their political coverage to the public's comfort level. If the press has greater influence on election campaigns, one reason is that political parties have less clout. When smoke from cigars rather than joints polluted the political ethos, party bosses tended to vet candidates at an early stage. Executive Editor Max Frankel of the New York Times argued at a Barnard College seminar that "there is an overwhelming interest in who these characters are who are nominating themselves and coming at us so fast. The press and television...
That conflict between caution and commerce is mirrored within the U.S. Government. The Pentagon and the Commerce Department have battled over the proper level of high-tech sales to the Soviets. Defense officials are acutely aware that the U.S. relies on the technological superiority of its weapons to offset Soviet numerical advantages, and they occasionally snipe at Commerce for missing Moscow's subterfuges. At the same time, Congressmen representing ^ districts dominated by high-tech industries disagree with regulators concerning the levels of control...
Koch reacted instantly to the crash by freezing the planned hiring of 5,200 new workers and postponing raises for 4,000 management jobs. As a result of his reassuring actions, the city's bond rating was upgraded last week to its highest level since the 1975 financial crisis. Investment Banker Felix Rohatyn, head of the Municipal Assistance Corporation, which oversees the city's finances, praised the belt tightening as a "good first step," but warned that "New York faces the potential of a very difficult period...