Word: prop
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...price of West Texas intermediate, the benchmark U.S. crude, rising more than $3.50 per bbl. during the previous two months, to a peak of almost $19 before the gathering. But after conferring for six days last week, the ministers were still struggling to forge an agreement that would prop up prices by throttling back the world's oil output...
Thorndike, Scott Helenski and prop Jon Diorio added trys against Northeastern Saturday. Junior Chris Liles added a penalty kick to close out the scoring...
...financial community gasped last month when the U.S. Government had to prop up First RepublicBank of Dallas with $1 billion, but the true magnitude of the bank's problems was not evident until last week. Awash in bad real estate and energy loans, the bank projected a loss of $1.5 billion in the first three months of 1988, the second largest quarterly deficit in U.S. banking history. (Citicorp lost $2.5 billion in the second quarter...
...back their words with action. When the dollar began tumbling in midweek, they quickly intervened in foreign exchange markets, buying up the U.S. currency. But the strategy only slowed the greenback's retreat, and if the trade picture keeps deteriorating, central bankers will find it increasingly difficult to prop up the dollar. Investor pressure to drive the currency down could prove overwhelming. Says Howard Wachtel, professor of economics at American University: "If the dollar really falls outside the band agreed to by the G-7 and direct intervention cannot restore it, then we risk a free fall of the dollar...
...Prop Mary Christ, second-row Andrea Eror, wing Page Levine and Caldwell were all selected to the first annual All-New England select side...