Word: shrank
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...away such liberal luminaries as Senators Frank Church, Birch Bayh, John Culver and George McGovern. Scenting total victory, NCPAC Chairman Terry Dolan immediately announced a 1982 hit list of 20 Senators, including such improbable targets as Pat Moynihan of New York and Ted Kennedy of Massachusetts. Political realities eventually shrank the list to five, but NCPAC still raised $10 million and spent $4.5 million in the 1982 elections. Yet last week, for all its thunder, the New Right could claim partial credit only for the defeat of a single, vulnerable incumbent, Democrat Howard Cannon of Nevada...
They raise this money in the commercial paper market, where corporate lOUs are generally sold in denominations of $1 million and more to major investors like insurance companies and pension funds. While the market for long-term bonds shrank 20% in the past year, the amount of commercial paper outstanding increased 32.7%, to $164 billion. That is five times what it was ten years ago. Laments Donald Woolley, chief economist of Bankers Trust: "The ratio of short-term debt to long-term debt is much too high...
...destroying or dominating transportation and communication links. They have often been highly successful: last August, up to 75% of the country was without electricity at one time or another due to guerrilla attacks. El Salvador's gross national product, which grew by 4.4% as recently as 1978, shrank by 19.5% last year. A decline in world prices for such exports as coffee, cotton and sugar is a factor in the slump, but the war has brought new investment to a halt and driven many businessmen to close their doors and flee the country. Today guerrilla groups in Usulutan department...
...cabinets filled with spears and mandolins. Wilcox opens a drawer full of shrunken heads, some human, some sloth, some monkey. He holds up an apple-size human specimen and strokes the long black hair. "See how soft the hair is?" he marvels. "They removed the skull and then they shrank the head slowly, using smoke and heat, all the while pouring in hot sand to keep the shape...
...about the same time, Eastern European countries began borrowing heavily from the West, mostly to build new factories that were supposed to boost economic performance. Not all of these modernization plans failed as spectacularly as Poland's, but there were shortcomings everywhere. The West's economic slowdown shrank markets for goods from the Comecon countries. This meant that the Eastern bloc had to borrow money to finance its growing trade deficit with the West. The debt of the satellites rose from $19 billion in 1975 to an estimated $62 billion at the end of last year. The annual...