Word: ruinously
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...Inflation, which reached a ruinous annual rate of 28% in 1975, has braked to a more manageable 15% and is expected to ease to a single-digit rate by late '76. Though that rate is still higher than those of Britain's major trading partners, the trend is favorable...
...more below a year ago, and the country's factories are operating at less than 70% of capacity. Unemployment now stands at 1.1 million and could go as high as 1.7 million next year. That is the price the country has had to pay to get down its ruinous rate of inflation -which has fallen from 24% last year to 9.8% in September-and repay its foreign debt. With prices moving more slowly, Prime Minister Moro's government has recently enacted a $6 billion recovery program, and there is a good chance that the Italian economy will begin...
...personal instrument for carrying out Franco's policies. Franco ruthlessly set his secret police on all dissenters. The press was severely censored and intellectuals were harried. Businesses were tightly controlled, and only friends of the dictator seemed able to get the proper government licenses or escape ruinous taxes...
Hong Kong's traditions of complete laissez-faire and growth without ruinous inflation have given it a reputation as one of the world's most lucrative-and safest-havens for investment. Now that reputation is being tarnished: for the first time in memory, one of the colony's fabled hongs (trading companies) is struggling to avert financial collapse. The endangered hong is Hutchison International, Ltd., a conglomerate with a labyrinthine network of more than 350 subsidiaries and affiliates, including diamond merchants, earth movers, fashion boutiques and a mailorder business that deals in food, fowl and live animals...
...heavy truck-throughout an eight-hour workday. OSHA wants to keep to that level. The Environmental Protection Agency and the labor unions want the limit reduced to 85, the din of a busy street. Many industries are strongly opposed to such regulation and claim it would be ruinous. The noise level now registers about 105 decibels next to the looms in a textile mill, and 115 close to an automobile factory's high-speed metal presses. An OSHA study has estimated that it would cost $13.5 billion for 19 major industries to comply with a decibel level...