Word: shrunk
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Dates: during 1980-1989
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...with them the administrators needed to run the economy. Before independence, Angola was a food-exporting nation; now it imports 90% of its needs. Oil remains Angola's most important resource, providing 82% of its foreign currency earnings of $1 billion. The drop in world demand, however, has shrunk production from 150,000 bbl. per day in 1980 to 115,000 bbl. last year. In these conditions, money has become virtually worthless, and an imaginative bartering system has replaced the official currency for many transactions...
...dividends. At around noon there came the no-bid menace. Even in a panic-market, someone must buy the "dumped" shares, but stocks were dropping from 2 to 10 points between sales-losing from 2 to 10 points before a buyer could be found for them. Sound stocks at shrunk prices-and nobody to buy them. It looked as if U. S. Industries' little partners were in a fair way to bankrupt the firm...
...number of beermakers has shrunk from some 1,500 before the beginning of Prohibition in 1920 to only 42 today, including the microbrewers. Just six Breweries now have 90% of the beer market. But while Anheuser-Busch (1982 sales: $4.6 billion) turned out 59 million bbl. in 1982, none of the nine micros produces as much as 10,000 bbl. a year...
...Loan Association in San Diego (assets: $6 million), has not been heard much around the thrift industry during the past three years. Caught in a squeeze between high interest rates and longterm, fixed-interest mortgages, thrift institutions became candidates for the endangered-species list. The number of thrifts has shrunk nearly 20% since 1979, as failing institutions have been merged into stronger ones (see chart). As a whole, the thrifts lost $8.9 billion in 1981 and 1982. Says James Carter, a banking analyst at Merrill Lynch: "If the hemorrhaging of the thrifts had continued at last year's pace...
...that waits for the flesh to die, there is an absence waiting for the presence to depart-but a great city! A city like Antioch! As Pilgermann the owl I fly over it now and it looks like nothing really, it has retreated from its medieval boundaries, it has shrunk and dwindled, it has huddled itself together, has drawn back from the vaunt of its greatness and the largeness of its history, it is like a swimmer who has struggled barely alive out of a raging torrent and does not enter the water again. No, I think as I look...