Word: soak
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Dates: during 1980-1989
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China's leaders reacted to the buying frenzy by ordering a classic economic dampdown. Beijing temporarily closed some banks to halt withdrawals, limited the size of some retail purchases and raised interest rates to soak up some of the money that the country has been printing at a record rate. Moreover, the Politburo, headed by party General Secretary Zhao Ziyang, Deng's handpicked heir apparent and a firm advocate of reforms, decided to abandon further price decontrols this year. Even Deng appeared chastened by the eruption. Said he: "We have been bold enough...
Maybe it is the opportunity to escape from the work rut, drink a few beers, grab a hot dog and soak in the Wrigley sun that sounds so appealing. If this has worked for the past 73 years, then why the sudden change...
...Congress, too, support is growing, despite strong opposition from those who fear that a manned Mars trip would soak up funds needed for social programs, unmanned scientific space probes and military projects, among other things. Democratic Senator Spark Matsunaga of Hawaii has even written a book, The Mars Project, that strongly advocates the space journey...
...baby boomers get much of the attention, because they accounted for half of the record $17.5 billion that was spent last year on things horticultural. Once they have poured all the money they can into their homes, cash-flush yuppies have found that a garden can soak up limitless discretionary income. After seeds and dirt, there are goatskin gloves and Garden Weasels, wide- throated anvil pruners from Rolcut of England, not to mention $15,000 for a Sargent weeping hemlock tree. The yuppies quickly master the rituals and floral lore, swap compost recipes at dinner parties. Mulching has become elevator...
Still, M. Danny Wall, chairman of the Federal Home Loan Bank Board, which oversees FSLIC, believes that the thrift spiral is finally ending. His list of the worst-off thrifts has stabilized at 204. Moreover, S and Ls in general are starting to soak up much needed deposits again. During the first two months of this year, thrifts absorbed $10.6 billion in new deposits, compared with an outflow of $3.2 billion during that period last year...