Word: sky-high
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Persistent Problems. But the relief was tempered by a realization that the transfer of power by itself would do little to solve the economy's persistent problems of rampant inflation, sky-high interest rates and declining output. Both sides of the mood were successively illustrated on Wall Street, where the Nixon years have been mostly bearish; though the Dow Jones industrial average hit its alltime high of 1052 in January 1973, at the beginning of last week it stood 180 points below its level on Nixon's Inauguration Day in 1969. In the first three days of last...
...essentially a holding action. The Saudis have argued that the posted price of oil, on which the taxes and royalties paid by oil companies are based, should be cut by $2 or more from its present lofty $11.65 per bbl. They fear that sky-high oil prices will create unmanageable trade deficits for their customers. The Saudis also hope that by cutting oil prices they can negotiate a better deal on the technology, goods and services that they hope to import from industrialized nations, as well as hold back the development of alternate sources of energy...
Revised Predictions. The problems have had an explosive impact on Wall Street, which had been entertaining itself with sky-high earnings forecasts. About two years ago, for example, Analyst Ralph Kaplan of Oppenheimer & Co. was predicting that Polaroid profits would rise to $8.35 a share by 1976, v. a record $2.19 in 1969-an expectation that even Polaroid executives thought absurd. Recently Kaplan revised his prediction of 1976 earnings to a far more conservative $4.35 a share-still more than 2½ times the $1.58 a share that the company actually earned in 1973. The stock has been hypersensitive...
...race will provide a preview of the Eastern Sprints Championship next week, and Radcliffe is sky-high for the encounter. They're even getting to eat brunch at the Varsity Club Saturday morning, a rare use of that facility...
...Himalayas, where the great rivers of north India swell. The flow in those rivers is now down to a trickle. Nor can coal-fired generators take up the slack. Plagued with their own problems, including limited fuel supplies, they are not working at full capacity. At present sky-high prices, India also cannot afford to import as much oil as it needs to operate the supplementary plants that power individual factories. So the country faces power shortages that promise to be even worse than those that cost its industry $1 billion in lost production last year...