Word: robustness
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...boosted the value of the dollar to new peaks. The dollar's strength was a boon to American tourists, who traveled overseas in record numbers, but it was a burden to U.S. companies that tried to compete with cheap imports or sell their products abroad. Primarily because of the robust dollar, the U.S. racked up a record trade deficit of more than $115 billion. If that trade gap keeps growing, economists warned, the U.S. could be headed for another recession...
...billion. That gap, which measures how much more Americans have been importing than exporting, drained substantial purchasing power out of the U.S. economy and funneled it to manufacturers in Japan and other foreign countries. Without the damage wrought by the shortfall, the G.N.P. would have increased a robust 5.7% during the third quarter...
...Kinks: Word of Mouth (Arista). At last, a good robust antiexercise song. In typically contrary Kinks fashion, however, Too Hot, with its sardonic image of an entire generation beefing, toning and shaping up, has a get-moving melody that is probably perfect for a workout. Head Kink Ray Davies knows how to write songs that cut several ways, including into his own heart. Missing Persons is a lovely piece of brooding melancholy that seems, almost nakedly, to be about the dissolution of his relationship with Chrissie Hynde of the Pretenders. The Kinks are still one of the most fearless, feckless...
...false without knowing what was in his mind, or knowing what he had to go on? And thus the New York Times Co. vs. Sullivan decision of 1964, which was never intended to do the press a favor?it was meant to ensure that public debate should be "uninhibited, robust and wide-open"?has since been giving the press a lot of trouble. Lawyers can now call up notes, unused film and memos to ask a witness why he chose one quote and not another, and to attack each choice as prejudiced...
...currently worried about agricultural loans. Farmers are hurting because of falling crop prices and land values. In September the seemingly robust First Chicago ($40.5 billion) stunned investors by projecting a nearly $72 million third-quarter loss, blaming it partly on defaulted farm loans. "We're supposed to be having an economic recovery," says Reed Hoffman, president of Dickinson County Bank ($7.5 million) in Enterprise, Kans. "But it hasn't hit this part of the country. If things continue the way they are, we'll see more farm bankruptcies, more nonperforming loans and more bank closings...