Word: sluggishly
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Dates: during 1980-1989
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...year's end, they owed thanks once again to the Fed. "There is a lot of fresh money in the marketplace," said one happy Wall Street broker last week -- and Volcker's current policies get much of the credit for its presence. For months, the economy's relatively sluggish growth has stirred fears of recession, and that in turn has spurred the Fed to allow the money supply to expand rapidly. Interest rates have thus continued to fall, and investors seeking a healthy return have turned back to stocks. Says Sam Nakagama, president of Nakagama & Wallace, a Wall Street consulting...
More and more economists and Congressmen believe the current Gramm-Rudman target for fiscal 1988 is unrealistic and needs to be revised. If Congress made too drastic a cut in the deficit, they argue, it could throw the sluggish economy into a recession. Says C. Fred Bergsten, director of the Washington- based Institute for International Economics: "I don't think anybody believes that it is either possible or desirable to meet the Gramm-Rudman target." Admits Chiles: "There is nothing magic about $108 billion. But I think you have a problem if you abandon it without something better...
Observers saw a close relationship between the students' call for democracy and the sluggish pace of Deng's economic reforms. The experiment is aimed at spurring productivity and raising efficiency by taking power from the bureaucrats and giving it to the peasants and local plant managers. The urban phase of the program, which began in late 1984, has raised overall productivity impressively, but has lately begun to falter. Just two weeks ago the government reported that industrial production costs are up and profits are declining. Deng's lieutenants blame the foot-dragging on entrenched, stubborn and sometimes powerful mid-level...
...State Lieut. General Henri Namphy made an emotional bid to restore confidence in the Port-au-Prince government. "I have lived in my flesh your anguish over the possible return of the old system," he declared. Coincidentally, the fledgling Duvalierist party was disbanded. To further counter discontent with the sluggish pace of change, Namphy will travel to Miami to seek badly needed investment at the annual Caribbean Conference this week...
...Soviet Foreign Minister Eduard Shevardnadze traveled to Tokyo. Since then, Moscow has wooed Tokyo with diplomatic concessions and hints of a Gorbachev visit, perhaps as early as January. In Vladivostok, Gorbachev pointedly called for "profound cooperation" between Moscow and Tokyo. Japan has the technology Moscow needs to awaken the sluggish Soviet economy and develop gas and oil deposits in the Soviet Far East...