Word: prospecting
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...gradually dismantling his white minority government's policies of racial separation. Instead, Botha held out a vague and tentative suggestion of negotiations with the country's disenfranchised black majority as the solution for South Africa's worst crisis in more than two decades. Among other things, he invoked the prospect of unspecified future constitutional discussions involving "all South African citizens," presumably including the country's 24 million blacks. He implicitly admitted the failure of the country's much criticized "homelands" policy, aimed at denying South African citizenship to blacks, and seemed to promise a different but as yet amorphous arrangement...
...last week's weakness was a new forecast issued the previous Friday by Salomon Brothers' Henry Kaufman, one of Wall Street's most respected prognosticators. He said that U.S. interest rates, which have been falling for five months, could continue to ease because of sluggishness in the economy. The prospect of lower interest rates drives down the value of the American currency because it makes foreigners less eager to convert their money into dollars for investment...
Gloom hung over the American team's working lunch that day. White House Spokesman Larry Speakes raised the prospect of facing headlines that read SUMMIT BREAKS UP OVER SDI. He wondered anxiously how it would play back home. Badly, suggested Arms Control Adviser Paul Nitze, who noted that SDI does not enjoy overwhelming public support in the U.S. Speakes took the precaution of ordering press aides to prepare experts who could fan out over Geneva that night to put the right spin on news of a breakup...
...year-old European currency rather than the planned new European Union constitution. Propelling the decline was a report--quickly denied--in the German newsmagazine Stern that at a meeting in late May, Finance Minister Hans Eichel and Axel Weber, head of the German central bank, had discussed the prospect of dissolving Europe's monetary union. Weber dismissed the report as "absurd," and most market watchers and economists agreed. "The talk will continue for a week or two, then go away--the euro's here to stay," says William Davies, head of European equities for the London-based fund manager Threadneedle...
...voice as he said this. The Gods of Wisdom in Washington have determined that Bush is in a trough. His poll numbers are declining. His approval rating is back where it was-in the mid-40s-before it was artificially inflated during the 2004 campaign by the dread prospect that John Kerry might replace him. Social Security reform is widely assumed to be dead. The war in Iraq is stymied and losing public support. There is talk that Bush has squandered the goodwill he earned by winning re-election, that the Democrats' sapping obstructionist strategy has weakened him. There...