Word: skies
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Dates: during 1980-1989
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...Sky-high interest rates and tumbling stock markets prices are the most obvious signs that something is awry. They cast a dark shadow on Reagan's rosy vision of the country's economic future, the one which investors would pour their dollars into a revitalized private sector and expand employment. Those investors are now shying from Reagan's bargain with them, betraying a lack of confidence in his maneuvers to fight inflations and restore a balanced budget. They have discovered what Reagan's opponents claimed long ago, that the arithmetic of supply-side economics just doesn...
Under a sparkling sky in Washington, trumpets blared, drummers in red tunics beat a tattoo, and honor guards from the U.S. armed forces paraded smartly in salute to yet another visiting head of government. Amid the now familiar splendor of pageantry on the White House South Lawn, both the guest and his host, President Ronald Reagan, rose to the spirit of the emotion-tugging scene...
...budget cuts, the deficit will reach about $65 billion next year, some $23 billion more than the White House has predicted. Said Joseph Pechman, director of economic studies at the Brookings Institution in Washington: "The financial markets are telling us that the Administration deficit forecasts are pie in the sky...
...businessmen suffer more and more from the sky-high interest rates, pressure will build for Federal Reserve Chairman Volcker to ease up on the monetary brakes. Although monetary responsibility is supposed to be one of the keystones of Reaganomics, the Administration has hinted on several occasions in the past few weeks that it might consider a somewhat looser credit policy. Treasury Secretary Donald Regan first mentioned this possibility in an interview last month. At a California fund raiser, the President said that high interest rates were "hurting us in what we are trying to do." In an interview with FORTUNE...
Even at night the aluminum sky gleams to every corner. To the south, a light swivels its beam around lonely Alaska, 300 miles north of the Arctic Circle and barely 1,400 miles from the North Pole. Five hundred yards to the north, an iceberg, bleached turquoise by the cold and shaped like a baby's cradle, rocks along. There is no driftwood or trash in the freezing Beaufort Sea. Nature all but forbade man to sail in this place, and Captain Walt Kardonsky knows...