Word: sky-high
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...fans were really sky-high over this thing, and then, wham!" Tiger skipper Sparky Anderson said before Wednesday's Red Sox-Tiger massacre. He added that he feels particularly bad about the Tiger down-turn because their-success had been such a salve for the city...
...which were brought on by a monthlong cold snap across much of the nation. Moreover, several major banks last week raised their prime interest rate on business loans back up to 16½%, canceling the half-point drop of a week earlier and reinforcing a winter-long level of sky-high interest charges that could all too easily abort an early recovery from recession, or keep the rebound weak when it does begin...
Over the years, OPEC ministers have had no trouble raising prices to sky-high levels. Now, however, the world is awash with excess crude-2 million to 3 million bbl. of unused oil per day-and the production cuts necessary to firm up the market are more than some members have so far seemed willing to bear...
...homebuilders, auto dealers and businessmen from every walk of life out of business, and in such numbers that bankruptcies around the country are beginning to rival those of the Great Depression. The cost of money is crimping the investment that U.S. industry needs to make to become more productive. Sky-high rates are putting state and local governments everywhere in a financing bind, forcing up the cost of borrowing and driving down the ability to spend for schools, roads, sewers and just about everything else that people expect and need from the governments that serve them...
...Vegas. Even so, when Federal Reserve Chairman Paul A. Volcker stepped to the microphone at the Las Vegas Hilton last week to address a standing-room-only crowd of 3,000 delegates to the National Association of Home Builders, the mood was distinctly chilly. In the past two years, sky-high and gyrating interest rates have pitched the American housing industry into its worst sales slump since 1946. Now a rising chorus of critics in the Administration and Congress has begun blaming Volcker for housing's plight and for the recession that is spreading through the economy...