Word: levelling
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Dates: during 1980-1989
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...widespread use by the Food and Drug Administration. But recent advances in the field of molecular biology have given researchers a clearer understanding of the most minute workings of the cell. This has enabled them to engineer structures that can disrupt the cycle of a disease at the molecular level...
...personal level, what is your opinion of George Bush...
...playing in a different ball game now. He's not up against a one- party legislature. He's up against George Bush, who has been tested at this level of American politics, and there's nothing like it. Come on in, the water's fine. We're talking about the big leagues now. We're talking about convictions and experience. We're talking ideology, not just competence. It's different from running for Governor of Massachusetts...
Last week Greenspan proved those critics dead wrong. In an effort to keep inflation at bay, the Fed raised its discount rate from 6% to 6.5%. That bellwether interest rate, which the central bank charges on loans to financial institutions, now stands at its highest level in two years. Says Robert Hormats, vice chairman of the Goldman Sachs International investment house: "The increase, announced just a week before the Republican Convention, puts to rest any doubt about Greenspan's independence...
...jump in the discount rate did give a short-term boost to the dollar. In one day, the value of the greenback jumped from 1.90 West German marks to 1.92, its highest level in 18 months. But by week's end foreign-exchange traders sold dollars and drove the value of the currency back down. They calculated that U.S. trading partners might intervene to prevent the U.S. currency from rising...