Word: rapid
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Smith opened the first game by building up five points in rapid succession. Undaunted, Harvard struck back for a 7-5 advantage. Despite the strong Smith defense, Harvard kept in control and took the game...
Real prosperity did not return until the end of World War II. But with the silencing of the guns and the conversion of wartime technology to peaceful uses, there began a generation of rising affluence throughout much of the world, of rapid growth in output and incomes that continued through the '50s and '60s. One of the early milestones of that era was the Marshall Plan of 1947, an act of imaginative statesmanship that started the rebuilding of the war-shattered economy of Western Europe into the mighty industrial engine of today. It also constituted formal recognition-fulfilling...
Despite the rapid Thursday afternoon recovery, the low point of the swinging pendulum cut off many a speculative head. Roaring was the business done by downtown speakeasies. Wild were the rumors of ruin and suicide. In Manhattan, one Abraham Germansky, realtor, was last seen tearing ticker tape. In Seattle, one Arthur Bathstein, finance company secretary, shot himself. Estimates of the number of margineers closed out varies from 20% to 70%. During the first three hours of Thursday stock valuations shrank about $11,250,000,000, recovered all but $3,000,000,000 before trading closed. Brokers met at Hornblower & Weeks...
...foreigners have been converting their money into dollars for investment in the U.S. In the process, they helped push the value of the dollar to new peaks on international exchange markets. Since 1980 it has surged 55% against the West German mark and 102% against the French franc. The rapid rise has made many American exports prohibitively expensive on world markets. As a result, Feldstein said, the U.S. merchandise trade deficit is likely to hit a record $60 billion to $70 billion this year, and may pass the $100 billion mark...
While IBM has a buttoned-down management style that has been fine-tuned for nearly 60 years, Apple, which is just 6½ years old, is undergoing rapid change. The company is being transformed from an upstart entrepreneurial firm to one that marches to the beat of professional managers. The changes are coming at a time when the high-flying personal-computer industry is suffering its first major bankruptcies...