Word: slow
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Western Europe's most substantial challenges, however, are economic readjustment and realignment. As in the U.S., old industries like steel, coal mining and shipbuilding are going out of business. Unlike the U.S., Western Europe has been slow to find high-technology replacements. Businessmen must cope with extensive bureaucratic controls and high social welfare costs, the legacy of postwar obsession with creating economic security for all citizens. Says Henry Ergas, an economic analyst at the Paris-based Organization for Economic Cooperation and Development, an association of 24 industrialized countries: "Americans are finding some of the answers in some body's garage...
...There is always some disappointment at this stage of an economic expansion," says Edward Yardeni, chief economist for the Wall Street firm of Prudential-Bache. "It is typical for an economy in the third year of an expansion to start to slow down...
...also shut off credit to Argentina, which owes $48 billion in loans. Although the country promised the IMF last September that it would slash inflation from a 687% annual rate to 300%, prices are now rising at an 851% pace. The government is trying to slow the whirlwind by limiting wage hikes to 90% of the previous month's cost of living increases, but that policy has led to a series of strikes, which threaten to stall economic growth. Admits President Raúl Alfonsín: "The government is multiplying its efforts to get the country back on its feet...
...coach Günther Bosch calls him, meaning he is, not to put too fine a point on it, pigheaded. That imparts to his game its never-say-die spirit, but may also interfere with improving it physically and tactically. Ion Tiriac, his other mentor, insists Becker is too slow afoot but has trouble imposing on him a corrective training regimen. "He's very stubborn. You have to convince him of everything." In fact, it took Tiriac and Bosch three months just to change the mechanics of Becker's serve so he could follow it more quickly to the net. Still...
There were other reasons for an optimistic prognosis. Rosenberg reported that the malignant cells found in the presidential polyp were moderately well differentiated, suggesting that they are of a fairly slow-growing variety. It was also encouraging, he said, that physicians had found no evidence that the President's cancer had spread beyond the section of the bowel removed during surgery. It was particularly significant that no malignant cells were found in the 15 lymph nodes in the excised section of the colon. These bean-shape structures act to screen the lymph, a watery fluid drained from between the body...