Word: soaring
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...year. Above an editorial at tacking the scheme, New Hampshire's Portsmouth Herald last week carried the headline REAGAN DIGS HIS OWN GRAVE. Although federal taxes would be decreased, Gerald Ford's campaign aides-and Democrats-point out that state and local taxes would soar...
...climate is as burdensome as the loneliness. Temperatures during the day frequently soar above 110° F. and at night occasionally plunge below freezing. The silence is total, except when broken by wind whistling through the sere brush. Often the passes turn into wind tunnels, with sandstorms gusting through at 20 and 30 miles an hour. In the winter, sudden cloudbursts can cause flash floods...
...correct, too, in claiming that neither Soviet purchases nor U.S. farmers can properly be blamed if food prices continue to rise in American supermarkets. What is even more certain, however, is that nothing is quite so maddening to most Americans as the rising cost of eating. If food prices soar, they are going to seek someone to blame...
Thus Rosenbaum's empire was under intense pressure when the world recession hit Europe, causing stock markets to plunge and interest rates to soar. A desperate need for capital seems to have led Rosenbaum to use his Liechtenstein accounts to transfer funds siphoned from the bank to his other enterprises. Apparently Rosenbaum believed that he would eventually recoup and pay the money back...
...even more important reason for the market break is investor worry over the possible consequences if the federal budget deficit for fiscal 1976 does soar above $70 billion or so-a concern given far more substance by President Ford's signing of the tax cut and Treasury Secretary William Simon's lugubrious talk. Many investors fear an overstimulation of the economy that would re-ignite inflation, kite up interest rates and set off a damaging competition for funds between the Government and private borrowers. In that case, they believe, there might not be enough money to meet both...