Word: shrink
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...days after his return, Daniloff seemed both to blossom in his celebrity and to shrink from it. At a reception for him at the offices of U.S. News & World Report, cameramen beseeched him to turn in their direction rather than face his cheering colleagues. He would not. "How can I turn from my friends?" he said. Instead of taking a holiday, he decided he would rather go to Iceland to cover this weekend's minisummit. On the day that he spoke in the Rose Garden, the name Nicholas Daniloff appeared on the sign-up sheet for the trip...
...final election of the Reagan presidency, the TIME survey found the proportion of Democrats to Republicans has continued to shrink. In 1980, fully 49% of those surveyed called themselves Democrats and only 28% Republicans. Today the numbers are 34% and 24%. While in 1980, 23% of the respondents said they did not belong to either party, today the figure has grown to 42%. But the historic realignment that some political observers predicted after the President's 1984 landslide re-election has not yet occurred. Instead, the U.S. is undergoing a process that might be called "dealignment." Only 19% of Americans...
...worries about the health of the American economy, in the view of many experts, simply boiled over. A $200 billion budget deficit, says Brian Smith, a newsletter publisher in Alexandria, Va., would be roughly equal to the profits of all U.S. corporations, and nothing seems to make the deficit shrink. Said Albert O. Nicholas, president of the $1 billion Nicholas Fund in Milwaukee: "The economy isn't all that robust, and companies aren't coming up with the earning increases or even maintaining the earnings to support the stock-market euphoria that came about because of declining interest rates...
...from 1985. In the past few weeks Ford has engineered a sharp sales upturn, thanks partly to the sudden popularity of its futuristically styled Taurus and Sable vehicles. But GM has a troublesome surplus of more than 1 million unsold 1986-model cars and trucks. In a bid to shrink its swollen inventory, GM late last week postponed the roll-out of its 1987 models, from Sept. 25 to Oct. 9, and announced some dramatic come-ons. The automaker will offer customers a choice of two new incentives: new-car loans at rates as low as 2.9%, or rebates ranging...
...last week. After two months of intensive negotiations, the two sides reached an agreement in Brussels to lift mutual restrictions on some $1 billion worth of goods. Among other things, the E.C. concessions would lower tariffs on U.S. citrus products, almonds and other nuts, while the U.S. would shrink duties or raise limits on E.C. exports of anchovies, olive oil, paprika and cheeses...