Word: nadir
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...stepped-up Japanese purchases of American auto parts belittled the presidency and made him seem the tool of overpaid corporate CEOs? Or that the largely unenforceable agreements he reached were soon denounced as inadequate by the U.S. automobile executives who accompanied him on the journey? Or did the nadir come when the President threw up on the trousers of Japanese Prime Minister Kiichi Miyazawa and then passed out at a state dinner in Tokyo...
...economy is by far Bush's weakest spot. In a TIME/CNN poll conducted Jan. 2, only 24% of those surveyed think the President is doing a good job handling the economy, which is up from a nadir of 18% in late November but still lopsided. According to 84% of those polled, the recession is still going on in the area where they live. A ray of hope has emerged in the past month, though, possibly tied to interest-rate cuts and the stock-market rally. Those who think the economy will improve in the next 12 months have grown...
...dire that many ships and submarines have been forced to return to their home ports. Planes, ships and tanks are being cannibalized for spare parts. Thousands of demobilized troops from Eastern Europe are stranded without adequate housing and benefits in shabby tent cities. Morale is at a nadir. "The military is absolutely shellshocked," says Dale Herspring of the Smithsonian Institution's Woodrow Wilson Center. "Cohesion is so destroyed that they couldn't mount a coup even if some officers wanted...
...worst stock market year of the '90s just as 1932, 1942, 1950, 1962, 1974 and 1982 were the worst years of their respective decades? In five of those six "worst years," FXC Investors notes, the Dow dropped well below its book value. The '60s were the exception; at its nadir, 536 in 1962, the Dow was 33% above book. But with today's Dow Jones at 2900 and its book value around 1330, if 1992 should prove to be one of those icky worst years -- even one as relatively painless as 1962 -- it would drop more than 1000 points...
...challenges to his men. Although the Jesuits remain the biggest Catholic male religious order, they have declined from a 1965 peak of 36,000 members to the current 23,870 or so. The rate of loss is slowing, however, and the number of seminarians has increased steadily since the nadir in the 1970s. Significantly, the sources of decline are largely limited to the First World; 63% of today's Jesuit recruits worldwide are Asians, Africans and Latin Americans. There are 3,522 Jesuits in the area covering India, Sri Lanka and Nepal, and the 20 Jesuit training houses there have...