Word: slumping
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Dates: during 1980-1989
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Even so, most countries would be glad to have Saudi Arabia's troubles. The Saudis still have an estimated $150 billion in monetary reserves invested abroad. Many Saudi officials, moreover, consider the slump a blessing of sorts, for it allows the country a chance to pause. Says a U.S. banker in the capital city of Riyadh: "The Saudis are not going to run out of money. But they are going to watch what they spend and begin setting priorities...
...film that is the length of Wagner's Ring will be without its longueurs, and this one falls into a second-act slump that lasts about three hours. But the best and the most of Berlin is the best that Fassbinder-or just about anyone else lately-has done. He balances the weight of Döblin's carefully repetitious dialogue with the buoyancy of his creamy, elegiac visual style. He interrupts the naturalism of lives on the skids with scenes of shocking surrealism: an old goat-man slaughters a calf; Mieze's corpse turns to soft...
...venture. Doraemon, an atomic-powered robot cat, makes Garfield look like something the human dragged in. Created in 1970, Doraemon has now appeared in a 26-volume collection with sales of $50 million. In 1980 Akira Toriyama sold 15 million copies of his 17-volume sci-fi comic Dr. Slump. There is even a manga temple outside Tokyo where, above the central altar, a legend is inscribed: THE IDEAL PRIEST...
...Volcker. In his fierce determination to conquer inflation, Volcker restricted the growth of the U.S. money supply so sharply that interest rates rose above 20%. The policy worked, but many thought it contributed mightily to the most punishing recession since World War II. The depth and duration of the slump put a severe strain on Volcker's relations with the Reagan Administration, cool to begin with. The Chairman, a nominal Democrat and a 1979 Jimmy Carter appointee, made no secret of his dismay at Reagan's $200 billion deficits. Administration officials, led by Treasury Chief Regan, reciprocated...
...with a note announcing that we won the battle of inflation, but unfortunately the patient died." For the first time since World War II, noted Fekete, the whole world-the Western industrialized countries, the Eastern bloc, the OPEC countries and the Third World-has been simultaneously caught in a slump. Fekete believes that budget deficits will cripple the American economic upswing and inhibit recovery in the rest of the world...