Word: lowered
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Dates: during 1980-1989
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...wheat has fallen 33% since 1980. The Wall Street Journal described the farm issue in a Jan. 8 headline: WHAT WAS A CRISIS BECOMES ONLY A PROBLEM. For every farmer unable to pay his debts, three or four others can actually buy more acreage. Debt delinquencies are lower, but so is the price of farmland, except in areas where developers want in. The entire farm economy operates as if in a vast container, a silo; and since places like Iowa rely so heavily on Washington subsidies, you can be sure that for the near future, a small improvement...
...James McKay's prosecution of White House Aide Lyn Nofziger. Last year both prosecutors accepted backup appointments from the Justice Department. Prosecutor Morrison refused similar protection. Earlier last week the Supreme Court put to rest for now questions about the validity of such "parallel appointments" by leaving intact a lower-court decision that turned aside a challenge brought by Lieut. Colonel Oliver North...
Whether or not the dollar goes lower, its 50% decline against major currencies since early 1985 has started to work wonders for American exporters, who have watched their products become progressively cheaper to foreign buyers. U.S. exports were an estimated $251 billion last year, up nearly 15% from 1985, and most economists expect the rise to continue. Jason Benderley, a senior economist at the Goldman, Sachs investment firm, predicts that if the dollar stays at its current level, overseas shipments could grow by as much as 15% a year through 1991. If imports level off or decline, the trade deficit...
...Moines, the state's capital and largest city, has a population of 183,000, and its revitalized downtown area more closely resembles a suburban shopping mall than a major city. In Iowa, crime is something that happens on television: the state's rate of violent crime is 60% lower than the national average. Iowans frequently boast of never locking their doors; politeness remains almost a state religion. As Roxanne Conlin, the unsuccessful 1982 Democratic gubernatorial nominee, jokes, "Being rude and killing someone are about on par here...
BUSINESS: A lower trade- deficit figure sends stocks and the dollar flying...