Word: pace
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Dates: during 1980-1989
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Lanky and white-haired, with a toothy grin and a nasal honk of an accent, Denis has become a cherished figure for his skillful maneuvers through the minefields of public life alongside his wife, or, as he would say with precision, "a pace behind her, old chap, a pace behind her." He is mainly visible as the gracious host while his wife conducts affairs of state. At 74, < he seems eminently fit for the job: the back is still ramrod straight, the step springy, the mind clear as a bell. What keeps him in such excellent fettle? "Cigarettes...
Such sentiments are a far cry from the compliant attitudes of black leaders 20 years ago. To preserve racial harmony, the ruling white establishment offered token gains and piecemeal concessions. But the price for blacks was a slow pace toward integration. The city remains a bastion of housing segregation, with most blacks living south of the downtown business district and most whites to the north. Black leaders are pressing for more seats on the eleven-member city council, where, despite their 30% share of the population, they hold but two positions; Hispanics (16%) and Asians (2%) have none...
...Administration economists, calculate a growth rate of 2.6% for 1990, but a consensus of 52 economists surveyed by the Blue Chip Economic Indicators holds that the economy will grow at a rate of less than 1.5% during the final half of the year and at about the same sluggish pace in 1990. Says Norman Robertson, chief economist at Pittsburgh's Mellon Bank: "The slowdown is now a reality. It has arrived." Two out of three of the Blue Chip forecasters expect that the economy will fall into a recession by sometime next year...
Sensing the inflationary pressures early last year, the Fed tightened credit and dampened growth. In June the Fed was helped in its task by falling energy costs. The Government reported last week that consumer prices last month increased at an annual rate of just 2%, the slowest pace in 16 months. While Greenspan said he sees inflation as a lingering menace, he confirmed that for the moment it has been eclipsed by a need to keep the economy afloat. As a result, interest rates on three-month Treasury bills have fallen from a high of 9.4% in late March...
According to M.J. Duberstein, director of research of the NFL Players' Association, the number of rookie signings this year is equal to the average pace, but most contracts have been signed very recently. More than one-third of those players drafted by the NFL have already signed contracts, Duberstein said...