Word: scantness
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While almost all forecasters expect unemployment to grow, they predict only scant relief from high prices. Federal Reserve Chairman Paul Volcker sees a "reasonable prospect" that inflation may drop from the current 18% to about 10% before the end of the year. Then he quickly adds, "But that can only be a first step, and in some ways the easiest step, on the road to price stability." The last miles on the road back from inflation are sure to be the toughest ones...
When the New York Islanders first reached the National Hockey League's Stanley Cup playoffs in 1975, a scant three years after starting from scratch as an expansion team, hockey insiders dubbed the strong young squad "the team of the future." Fans all over Long Island sat back to await the glories sure to come. But for the luckless New Yorkers, the future was always in the future...
...March credit restraints by borrowing heavily in January and February, thus stockpiling enough cash to see them safely through cold economic times. As a result, bank commercial and industrial loans, after going up at an annual rate of 27.6% in January and 26.8% in February, rose a scant .3% in March and then plunged 7.4% in April...
...National Bureau of Economic Research will perform the economic autopsy later this year and, if the numbers hold up, declare the recession official. The rule of thumb definition is two consecutive quarters of decline in gross national product. Though the nation's business actually grew by a scant 1.1% in the first quarter, the economy is sinking fast. Retail sales slipped 1.6% in February and then an additional 1.3% in March. In response, businessmen are pulling back; factory output tumbled .8% in March, following a .2% drop in the previous month. Finally, perhaps the two most important industries, autos...
...years, Thesiger's words and photographs maintain a clarity and freshness rarely found in books of this type. Everything is confronted directly and, though there is sameness, there are no clichés. There is even an occasional touch of Kipling in his prose: "Above the village the scant ruins of a castle sat on a fang of rock, accessible only by a precarious path above a 200 foot drop. From this seemingly impregnable strong hold Hassan-i-Sabbah, the 'Old Man of the Mountains,' had ruled . . . and his successors had sat like spiders at the center...