Word: prune
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Dates: during 1970-1979
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Otherwise, the business news continued gloomy. The stock market, which spurted two weeks ago on anticipation of the prune-rate cut, plummeted, reflecting disappointment that Morgan Guaranty's initiative did not take hold more quickly. The Dow Jones industrial average dropped 49 points during the week, to close at 622, beneath the twelve-year low of 627 touched in mid-September. The Commerce Department's "composite index of leading indicators"-those that supposedly give reliable clues to the future direction of the economy -fell 1.2% in August, its biggest monthly drop since December. It is still 5.7% above...
...reason behind the creeping coup was distaste at the slow pace at which the Prune Minister, Endalkachew Makonnen, 47, has been carrying out reforms. The army has agitated for change since February, when soldiers protesting poor pay and the country's feudal political system forced the resignation of then Prime Minister Aklilu Habte Wold, 62. They accepted Endalkachew as his successor and gave the new government six months to reform a country that for decades has been systematically milked from...
...clobbered the housing industry, dried up funds for many companies and generally disrupted the entire economy. Last week it appeared finally to top out; indeed, banks' prime rate, or basic charge on business loans, began inching down. Manhattan's First National City Bank trimmed its prune a quarter of a point, to 11¼%, as did Southwest Bank of St. Louis and First National of Miami. Two Midwestern banks with the nation's highest prime rates also made reductions: Chicago's First National, from 11¾% to 11.6%, and Lansing's Michigan National, from...
...achieve fame by scaling the world's highest peaks or plumbing the oceans' deepest bottoms. Their feats faithfully find their way into the Guinness Book of World Records, as do the odysseys of marathon smoke-ring blowers, balloonists, goldfish swallowers, grape eaters, yo-yo spinners, Scrabble players, prune devourers, face slappers, Pogo-stick jumpers, leapfroggers, barrel jumpers, needle threaders and record breakers in 10,000 other Record-worthy categories. For the past two weeks, in a guerrilla assault on Guinness, 200 young Californians assembled in Los Angeles to topple records or immortalize themselves and to discombobulate Recordkeeping...
...once a slag heap. Cartoons depicted 10 Downing Street buried in black slag, with Wilson digging out. Libel writs were issued against three other papers; but they had little effect as the news torrent continued. The Labor-leaning Guardian explored the potential conflict-of-interest issue of a Prune Minister's aides speculating in real estate ventures. Television also gave the story big play; one editor whose paper was being sued appeared on a TV panel to discuss the case-an unheard-of practice in the past...