Word: plummetted
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...Zedillo, they loom large as well for Bill Clinton. Little more than a year ago, the Administration sold NAFTA to Congress by arguing, among other things, that locking in low tariffs would boost the American trade surplus by making U.S. products cheaper in Mexico. Thanks to the peso's plummet, American-made goods could now be as much as 50% more expensive for Mexican consumers. Products from herbal shampoos to frozen desserts sold south of the border will be hard hit. "The peso has been devalued," says Texas A&M trade specialist James Giermanski, "to the point where it really...
After his Finance Minister said publicly just 10 days earlier that the currency would not be devalued, Zedillo used the occasion of a potential December uprising in Chiapas first to nudge the peso downward, then abruptly to let it float against the dollar. Plummet is what it did instead. In a world where international investment money can cross borders with a few taps on a computer keyboard, a thunder of key taps arose from the offices of stunned investment-fund managers in New York City and other financial centers. As they swiftly dumped Mexican securities, the peso went into...
...with O.J. or his ex-wife to tell them a story. Whether these tales are based in reality or in their own money-hungry delusion is another issue. Jurors, if selected, could refuse to support a majority verdict to later attract a book contract. At this rate, unemployment should plummet and people might have enough money to buy a second Bronco...
...Powell who convinced Cedras that it was more in keeping with military honor to yield than to fight. It was Powell who ultimately persuaded President Clinton to take the deal with all its flaws. If the Haitian venture turns sour, the general's prestige might plummet, but right now it is so high as to revive talk in the White House of naming him Secretary of State...
Federal Reserve Chairman Alan Greenspan told Congress that the central bank will probably raise interest rates again this year to avert inflation, despite predictions that the Fed had had its fill of rate hikes this year. On Wall Street, the Dow Jones industrial average obliged with a 20-point plummet. Greenspan, in his semiannual address to lawmakers, told the Senate Banking Committee that any signs of inflation would probably trigger a Fed vote to take interest rates--and the rates on consumer loans like mortgages--even higher...