Word: narrowed
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Dates: during 1970-1979
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...Vail, he was plainly braced by the mandate of his party at the G.O.P. Convention. Aides noted that right up to the showdown in Kansas City, the appointed President had been conducting a damage-limiting operation in the wake of Watergate. He saw his victory over Reagan, however narrow, as the dividing line, and now believes he has a real chance of winning on Nov. 2. To shake up his organization, Ford eased out affable but ineffective Rogers Morton as campaign director (he will head a still unformed steering committee). Ford replaced Morton with James A. Baker...
Chance for Indecision. Even that drop, however, has so far failed to break a prolonged deadlock between bulls and bears. At last week's close, the Dow was still within the exceptionally narrow range of 954.9 to 1011, in which it has held since February. The stalemate has given the year on Wall Street a very strange pattern: a cyclonic rise in January and February, during which the Dow rose more than 120 points on record trading, followed by six months of generally lackluster volume and back-and-forth price movements that rarely last more than a week...
Reagan's narrow base is explainable after a long season of careless talk about cutting $90 billion from the federal budget and getting tough with the Russians in Africa, plus his new-found compatibility with Liberal Senator Richard Schweiker...
Yugoslavia has pledged itself to the easing of tensions beyond the narrow framework of big-power relations, so as to encompass all regions and all spheres of international relations. The existing hotbeds of crisis, which can at any moment become a source of new conflicts, should be eliminated as a matter of urgency, in conformity with the charter and relevant resolutions of the United Nations...
Given these gloomy alternatives, it is little wonder that Kennecott badly wants to keep Peabody. But that is prevented by a narrow reading by the FTC and the courts of a much debated section of antitrust law; this is the concept that mergers can be stopped not because they reduce competition but because they eliminate "potential" sources of competition. Back in the mid-1960s Kennecott decided that it would make a major attempt to diversify out of copper. Among other things, it bought a small coal field for the purpose, according to Kennecott, of assuring its own fuel supplies...