Word: soaring
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...cult contains two subcultures. The larger and more familiar group flies sophisticated sailplanes that routinely cover dozens or even hundreds of miles and soar to altitudes that may require oxygen masks. The Soaring Society of America estimates that in ten years the number of licensed sailplane pilots has grown from 5,000 to 15,000. Many of them are affluent business people...
...cause of most of the shortage can be traced to the Federal Reserve Board's effort to combat inflation by severely tightening the money supply and letting interest rates soar. That policy was designed to discourage borrowing but has also dragged up mortgage fees...
...Italy, Ireland, Portugal and Spain living costs threaten to soar as high as 12% or even 15% this year. Switzerland is bracing for 8.4% inflation this year, and West Germany will be happy to get away with 8%. To help stem a flood of inflation-feeding foreign currency into Germany, the government last week revalued the Deutsche Mark upward by 5½% against other Common Market monies, jeopardizing the prospects for European monetary union...
Though these recommendations aim to expand energy supplies quickly, there is some doubt whether Congress will approve them all. The consumer-oriented Senate Commerce Committee seems likely to resist the proposal to deregulate new natural gas, for example because the measure may well cause gas prices to soar-despite Administration arguments. The recommendation to build offshore ports will provoke the opposition of legislators and Governors from East Coast states, who fear that oil spills will ruin their shorelines and wetlands...
...reaching reform plan aimed at pepping up the sluggish Soviet economy by loosening bureaucratic controls over the production system and the managers who actually turn out the goods. But none of these plans ever seem to go far enough, and Soviet citizens continue to ask why their economy cannot soar like their spaceships. They have reason: last year, Soviet output of goods and services rose less than 2%, the smallest gain in a decade. That contrasts with a 1972 rise of 9.7%, or 6.5% after subtracting price increases, in the U.S. gross national product. Now, predictably, the Soviets are embarking...