Word: splits
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...expansion. A year ago, the economy amazed experts by racking up a booming first-quarter increase of 10.1% at an annual rate. The gain dwindled to 1 .6% in the third quarter but then rebounded to 4.3% in the last three months of 1984. "The economy is exhibiting a split personality," says Allen Sinai, chief economist for Shearson Lehman Bros., "and it may continue to do so for some time in the future...
Much has changed since the companies first squared off. AT&T has been broken up into eight smaller pieces in the largest corporate split-up in U.S. history. MCI has grown rapidly. Its sales have spurted from $7 million in the mid-'70s to $2 billion, and it is AT&T's largest long-distance competitor...
...deadlock lingered into last week, when lawmakers returned to hot, muggy Washington after a ten-day Fourth of July break. "We're pretty much split down the middle," House Minority Leader Robert Michel said of the impasse. By then Reagan was ready to get back into the fray. Last Tuesday evening he held a reception for congressional leaders of both parties under the oak tree in the Rose Garden. It was at this "Oak Tree meeting" that the President surprised his guests by simply backing down on Social Security, agreeing to dispense with the COLA freeze...
...when Harvard baseball coach Joe Walsh cleared his throat and rubbed his eyes with fatigue—“It was a real bad day of baseball,” he said solemnly—shortly after salvaging a Sunday split with defending Ivy League champion Princeton (10-15, 5-3 Ivy), the day went surprisingly chilly...
Despite the split, Walsh remained disappointed...