Word: slump
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...pricing problems between light and heavy crude come at a time when the oil industry is just recovering from two years of massive oversupply, caused largely by conservation measures and the global economic slump. Total oil consumption is expected to increase about 3% this year over 1983, thanks partly to strong growth in the U.S. and Japan. But that pace is too slow to satisfy OPEC members, which are currently producing slightly less than their self-imposed quota of 17.5 million bbl. per day, only half their capacity. As a result, OPEC countries such as Libya and Iran have been...
...falling. Panama is not benefiting much from the country's famous waterway, which was transferred to joint U.S.Panamanian administration under the 1977 Panama Canal treaties. The Big Ditch, historically a not-for-profit concern, last year showed an operating loss of $4 million, reflecting a worldwide shipping slump. One of Ardito Barletta's first unpleasant chores will be a round of belt tightening prescribed by the International Monetary Fund. The measures include a removal of food subsidies, which will send prices skyward and may provoke further street disturbances...
...semiconductor makers are out of a slump and into their biggest boom...
...still strong. Even on the edge of a championship fully anticipated since April, the Detroit Tigers themselves seemed to be hoping for a better stage than a World Series only notable, and not remarkable, for scraps of drama-an exhilarating Chet Lemon catch or an excruciating Bobby Brown slump or two professional pitching performances by Jack Morris. When San Diego seemed all but finished, Detroit Manager Sparky Anderson said, "I wish before this is over that my team could have one day of playing the way it can play. No one's seen...
...senior left wing, mired in a scoring slump, broke our with a hat trick and led the 14th-ranked Crimson (now 7-1-1) to its biggest upset of the year, a 3-1 thrashing of fifth-ranked Boston College...