Word: reasonableness
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Dates: during 1980-1989
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Many economists think that the sharp decline of the dollar over the past 2 1/2 years will eventually reduce the trade deficit substantially by making imports more expensive and U.S. goods cheaper for foreign consumers. So far, though, the impact of the dollar's drop has been disappointing. One reason is that many foreign manufacturers have accepted lower profit margins rather than let their prices rise in proportion to the dollar's fall. Moreover, while the dollar has gone down by more than 40% against the Japanese yen and the West German mark, it has fallen much less against...
Constantly demanding their rights, the inmates have gained free passage within the cellblocks and have pressured authorities to let visitors bring food and other goods. But the rebels believe the only reason the government allows them to operate this way is to provide a pretext to kill them all, in a repeat of the massacres that occurred when authorities put down Sendero uprisings in three penitentiaries in 1986. More than 250 rebels died in the incidents. Those fears were fanned last Easter, when, according to prisoners, paramilitary troops attacked the men's pavilion at Canto Grande with fire bombs...
With ample reason, nonmembers have never been especially fond of OPEC, but no one would know it from the looks of the chummy gathering in Vienna last week. Suddenly oil-country diplomats who only a few years ago would have been mortified to be seen cooperating with OPEC were showing up and making conciliatory gestures. A Chinese official was there, chatting with his counterpart from Mexico during a photo session. An oil-patch emissary from Texas mingled on the sidelines with ministers from Malaysia and other countries. Even an observer from the petrol-pumping province of Alberta, Canada, joined...
...world's oil market has dwindled, from 56% in 1973 to 33% today, so has the group's control over prices. OPEC has tried to persuade its increasingly productive rivals to limit their output, but they have nonetheless pumped freely and helped swamp the market. They hitherto saw no reason to cooperate with OPEC, since several of the group's members were cheating on production quotas anyway...
...shooting of Martin Luther King, 19 days after Bobby plunged into the 1968 campaign, accelerated his transformation. The war, Kennedy's ostensible reason for getting into the race, gave way to a near desperate plea for an end to racial hatred and intractable poverty. In speeches scribbled on note pads in the days after King's death, Kennedy made some of his most eloquent appeals. "For there is another kind of violence, slower but just as deadly," he declared. "The violence that afflicts the poor, that poisons relations between men because their skin has different colors...