Word: near-record
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...reaches the midterm mark, Maggie Thatcher is under fire from virtually every direction. Her bold experiment to turn Britain's sluggish economy around by applying relentlessly monetarist policies has produced staggering 12% unemployment and a host of other alarming statistics. Her approval rating has dropped to 28%, a near-record low for any British Prime Minister. Worried over the prospect of running for re-election on the government's dismal record, a number of Tory backbenchers and some senior party members are openly revolting against her policies and questioning her leadership. In a broadside from the Establishment...
...comment on the state of the politics of energy that consumers must pay even higher prices for oil products at a time when oil companies are making near-record profits. Decontrol is, unfortunately, one of the few options open to a president concerned with reducing American dependance on foreign oil. Although the Senate Energy Committee passed a standby rationing proposal, more stringent measures, though desirable, are politically unfeasible. The failure of Carter's 1977 energy proposals and the imminent watering-down if not complete destruction of his windfall tax proposals serve as ample evidence that the strong oil lobby within...
...health of the economy. That uncertainty was mirrored on the New York Stock Exchange, where the Dow Jones industrial average dipped to a two-year low the very day of the President's press conference. The foreign exchange value of the U.S. dollar also fell to a near-record...
...second quarter, corporate profits were up more than 11% over the same period last year. At General Motors, quarterly earnings exceeded $1 billion for the first time in the company's history. Real income of employees on non-farm payrolls is up, and housing starts are at near-record levels...
...arid fields and shrunken water catches that Jimmy Carter saw in California's San Joaquin Valley last week are a common, heartbreaking sight throughout the American West this spring. From the Pacific to the eastern slopes of the Colorado Rockies, the winter's near-record drought meant dry riverbeds and a snowpack that in some areas was less than a fifth of the usual level. In a region where more than three-quarters of the fresh water normally comes from the spring runoff of the snowpack, the water-supply outlook for the summer months is ominous. April brought...