Word: lowering
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Dates: during 1980-1989
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...short term, the L.D.P. will be preoccupied with designating a new Prime Minister. Takeshita promised to resign when the Diet enacted a 1989 budget, now one month overdue. In a departing act of bravado, Takeshita defied the Diet's tradition of consensus to push the budget through the lower house without the participation of the opposition parties. They had refused to take part until former Prime Minister Yasuhiro Nakasone, in office when the most flagrant abuses occurred, testified about his role. The budget will probably become law in 30 days, and Takeshita will step down...
...lower courts have struck down portions of the law. In November the Justice Department surprised many people by jumping into the Webster case to propose that the Supreme Court use the occasion to reverse Roe. While a reversal cannot be ruled out, few court watchers expect it just now. Supreme Court Justices usually prefer to muster a sizable majority behind highly controversial decisions, as they did in Brown v. Board of Education of Topeka, the pivotal -- and unanimous -- 1954 school-desegregation case...
...John Paul Stevens, a Gerald Ford appointee. Almost certain to be on the other side are Chief Justice William Rehnquist and Byron White, who were the two dissenters when Roe was decided. Reagan appointees Antonin Scalia and Anthony Kennedy never ruled on an abortion case during their years as lower- court judges, but both men are expected to favor limiting or overturning the decision...
...lower tiers, where the daily life of the nation is conducted, abortion is sure to remain a burning issue. So long as Roe survives, the pro- life movement will keep up pressure for its reversal. And if the court dismantles Roe, the U.S. is likely to see a situation not unlike the one it lived through during Prohibition, when the law was flouted -- sometimes openly, sometimes covertly but very widely. A new era of uncertainty will open for American women, whose opportunities in life have been transformed in part by the freedom that Roe afforded. But two things are certain...
...cost cutting seems destined to continue in a world so interconnected that a decision made in Bonn can lower prices on Wall Street. The West German central bank inadvertently slowed last week's stock-market rally, for example, by raising interest rates to keep German inflation in check. The move briefly touched off fresh fears of a worldwide round of rate hikes and slower growth. Meanwhile, competition from Japanese and European firms that have opened U.S. offices is helping depress Wall Street commissions. Wall Street is not alone in its distress, for such financial centers as London and Tokyo...