Word: sluggish
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...drop in inflation and a sluggish economy have brought some relief to hard-pressed business borrowers, who lately have been going bankrupt in the greatest numbers since the 1930s. But there may not be much additional good news on interest rates for a while (see box). Despite some encouraging signs, TIME'S board members found the economy to be still weak and the recovery to be somewhere in the future. In May, when the board last met, members thought that the Reagan Administration's July 1 income tax cut would spur consumer spending and push growth...
...contrast to his intentionally low profile, Verba's recent accomplishments are impressive, though the effects will be appropriately subtle. Officials credit him with having worked deftly with the student-faculty Committee on Undergraduate Education in his first year as chairman of the often-sluggish group. Charged with conducting a comprehensive review of undergraduate curricula. Verba has shaped faculty legislation in three important areas. With approval of the proposed changes expected this fall, undergraduates should soon find the College's rules concerning independent work, study abroad and academic honors more unified and less arbitrary than in the past...
...long as the U.S. economy remains sluggish and many companies continue to teeter on the brink of bankruptcy, some banks will be wobbly, even though American banking is basically solid. Says Arthur Soter, a bank analyst for New York's Morgan Stanley: "By the time this recession is over, the cases of sheer stupidity may be far less than in the mid-1970s, but overall losses could turn out to be worse." Like the hard-pressed companies and countries to which they have made heavy loans, U.S. banks now have to face up to serious past mistakes and pressing...
...world's largest industrial corporation, which earned $1.8 billion during the same period last year, there were no celebrations. In fact, the plunge in profits has forcecd Exxon to conserve cash by slashing its work force, cutting back on advertising and reducing executive perks. Hurt by sluggish demand for petroleum products and a string of troublesome investments, Exxon is preparing for a bout of hard times...
...Jenny Fields, and Hurt, as Helen, also deliver solid performances when working with Williams or Lithgow. But these supporting actors fail to give their characters the magnetism Williams and Lithgow create. Garp's education, which occupies the first part of the film, gets the story off to a sluggish start because the scenes focus on Jenny Fields, whose character is underdeveloped in the film and whose eccentric behavior is thus cryptic...