Word: sharpness
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Dates: during 1980-1989
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...overdue turn to reality. Secretary of State James Baker, in presenting the Bush Administration's first blueprint for the peace process, did not announce a shift in American policy. But he did offer no-frills clarity and a finely balanced call for concessions from both sides. In a sharp and wise departure from Reagan-era practice, his speech to the American Israel Public Affairs Committee, or AIPAC, the most influential pro-Israel lobby, eliminated the sugarcoated reassurances that traditionally soften American urgings to Israel...
...currency down. Traders continued to snap up dollars after Washington reported that, with exports up 7.4%, the U.S. trade deficit narrowed to $8.86 billion in March, down from $9.82 billion the previous month. A day later investors shrugged off the news that the Consumer Price Index rose a sharp 0.7% in April because the gain reflected a record 11.4% surge in gasoline prices that is not expected to recur...
...Britons ordered out included Embassy Second Secretary Michael Anderson; Second Secretary Adam Noble; Third Secretary Paul Sharp; Vice Consul Helen Pickering; Naval Attache Capt. Christopher Meyer; Assistant Naval Attache Lt. Cmdr. Christopher Watson; Assistant Military Attache Maj. Nigel Shakespear; and Warrant Officer Laing Purfit of the Defense Ministry staff...
...good news: the Producer Price Index rose ! by a moderate 0.4% in April, a smaller leap than most experts had feared. Wall Street responded Friday by pushing the Dow Jones industrial average up 56.82 points to 2439.70, its highest level since the October 1987 crash. But when the sharp increases that took place during the first four months of the year are taken into account, wholesale prices are still zipping upward at a rapid 9% annual rate. The conflicting trend lines -- down in retail sales, up in producer prices -- heightened concerns about a return of 1970s-style "stagflation" -- spiraling inflation...
...that painful increase hurts not only those without jobs and their families, but the malls and supermarkets where they shop as well. Yet when the Government reported that joblessness rose by 0.3% to 5.3% in April, financial insiders ( applauded, the bond market surged while stocks staged a brief but sharp rally, and publications ranging from USA Today to investment-house tip sheets heralded the increase as "good news." What gives...