Word: lowered
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Dates: during 1990-1999
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...some soul searching about emerging markets. These young tigers do not yet have the kind of social and business structures they need to build stable, prosperous capitalism. The ultimate effect on the U.S. remains to be seen. Ironically, the hit from Russia may free the Federal Reserve to lower U.S. rates, kicking off another round of strong domestic growth...
Smelling blood in the economic meltdown, the lower house of parliament, or Duma, took the offensive, calling for Yeltsin to resign, demanding a greater share of power and disdainfully offering the President guarantees that he would not be prosecuted or harassed once he left office. More troubling still, the communists, led by Gennadi Zyuganov, prepared to parlay the failure of Russia's cutthroat capitalism into a rollback of the reforms that, for better or worse, have been credited to Yeltsin's account, such as a freely convertible ruble, a tight money supply, even some industrial privatization...
Three-year-old UPN and the WB (co-owned by TIME's parent company, Time Warner) have avoided some of the network pitfalls but are yet to break into the black. They benefit from lower overhead costs and do not pay traditional compensation to stations. Moreover, they are striving to establish distinctive profiles in the crowded marketplace. UPN sees itself as a smarter throwback to the mass-audience network approach of the 1960s and '70s (among its newest shows: an updated version of The Love Boat), while the WB, the more successful of the two, has targeted teenage viewers with...
...room is full of mud, your roof is missing, your power has been out for days on end. But considering the destruction that often accompanies storms of this magnitude, residents of North and South Carolina and Virginia got off remarkably lightly. Only three people died. Property damage was far lower than it might have been. Beaches remained largely intact...
...SLOSH analysis of New York City revealed that the sharp bend in the Atlantic coastline where New York and New Jersey meet, the New York Bight, would amplify the effects of a storm surge to the point where even a modest hurricane could generate deadly flooding in lower Manhattan. "That right angle, believe it or not, can cause 30 ft. of storm surge above normal tide conditions," says Donald Lewis, a hurricane-evacuation expert based in Miami who worked on the New York City study. "The same storm in other parts of the country might cause only...