Word: leveller
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Dates: during 1980-1989
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...placing millions of its shares in friendly hands through an employee stock ownership plan, Polaroid made it virtually impossible for Shamrock to reach the 85 percent level...
...even create money that citizens had earlier unquestioningly granted to the Emperor or Mao. And in all three countries housewives, unable to make the connection between higher prices and availability, complain about paying several times the old official prices for food that was never available at the government-set level...
Later in the week, Washington had good news: the Producer Price Index rose ! by a moderate 0.4% in April, a smaller leap than most experts had feared. Wall Street responded Friday by pushing the Dow Jones industrial average up 56.82 points to 2439.70, its highest level since the October 1987 crash. But when the sharp increases that took place during the first four months of the year are taken into account, wholesale prices are still zipping upward at a rapid 9% annual rate. The conflicting trend lines -- down in retail sales, up in producer prices -- heightened concerns about a return...
...figures -- slashes of about two-thirds in the number of Warsaw Pact tanks, armored vehicles and artillery pieces. After the reductions, which would be much heavier on the Soviet than the U.S. side, NATO and Warsaw Pact troops and weaponry would supposedly be equalized by 1996-97 at a level a bit below that now fielded by NATO. Still, Gorbachev essentially only filled in the details on a proposal made by Soviet Foreign Minister Eduard Shevardnadze in March, moving closer to NATO's negotiating positions and repackaging them as his own. While he was at it, Gorbachev tossed...
...only to abandon concerts for good eight years later? When Gould died at 50 in 1982, he left behind a mess of unanswered letters and a plethora of unanswered questions. Now, for the first time, the whole jumble has been largely straightened out in an admirably lucid and level-headed biography by Otto Friedrich, author of such previous books as Before the Deluge and City of Nets and a TIME senior writer. In Glenn Gould: A Life and Variations (Random House; $24.95), Friedrich counterpoints Gould's prolific writings with the reminiscences of more than 80 people who knew him, from...