Word: plummetted
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Dates: during 1980-1989
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...lure of fast cash is powerful in a county battered by 34% unemployment. Like other border areas, Starr depends on commerce with northern Mexico, and the peso's plummet has forced some stores to close. Yet overall retail sales are up 10%, and bank deposits have leaped 198% in five years -- a cash transfusion that Customs officials attribute to the dope flow. The new money, concedes Mayor Jose Saenz of Roma-Los Saenz, a border town of 3,700, "indirectly benefits us all." That touch of prosperity, according to Customs Agent D'Wayne Jernigan, has "created a wall of reluctance...
Sometimes, the excitement reaches a climax when the divers, long accustomed to risking vital limbs, climb to the top of the diving tower, jump off, plummet almost three stories, and penetrate the water below at a screaming 30 miles per hour. Completely naked...
When petroleum prices were doubling and redoubling during the 1970s, oil buyers wondered whether the increases would ever hit a ceiling. Last week the problem was reversed: as global prices continued to plummet, traders despaired about the lack of a firm floor. "The market is in a careening tailspin," said one Manhattan oil-futures analyst. Warned another: "Put on your hard hat. The sky is falling." The price for next month's delivery of West Texas Intermediate, a major U.S. crude, plunged $3.39 on Monday and Tuesday to $15.44 per bbl., its lowest point since 1979 and a nearly...
Shocked by the market's spasms the day after their remarks, OPEC delegates proceeded carefully. Instead of deciding to switch to free-for-all prices, the ministers appointed a committee to consider strategies. When the market continued to plummet, the ministers finally restored order by making soothing remarks. Said Alirio Parra, the chief adviser to Venezuela's oil minister: "We are astounded by the way the market has reacted." While individual members will no doubt continue to make under-the-table discounts, as they have for several years, no official price cuts are likely to come until the group meets...
...appearance of things, they wanted a profound change." The scale of the victory surprised even veteran political observers. Liberals won 98 of the 122 seats in the provincial legislature with 58% of the vote, up from 46% in the 1981 provincial elections. The Parti Quebecois saw its tally plummet to 37%, down from 49% four years ago under the wily but erratic leadership of Rene Levesque...