Word: stagnant
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...only the killers and cretins among us have loved war. Hegel recommended it. He thought it kept the state from getting stagnant and corrupt. Bacon thought that a just and honorable war was the best "exercise" for a state, like jogging...
...country is attracting virtually no foreign investments, and international banks are phasing out loans as they come due. Tourism, once Guatemala's third largest source of foreign exchange, has dwindled to a trickle. Major export crops such as coffee and cotton are also suffering. The economy is stagnant; the country's foreign exchange reserves have fallen from $718 million in 1979 to an estimated $70 million today...
...stock's most attractive feature. Since 1960, they have increased from $1.65 to $5.40 per share, a 9.2% return based on last week's final close. The price of the stock has not performed nearly so well. Over the past five years, it has been relatively stagnant, trading at between $45 and $66 per share...
Egypt's problems, though, defy easy solution. The per capita income is a meager $469 per year. Its middle class is beset by an acute lack of affordable housing. Industry is virtually stagnant, and productive foreign investment is anemic. The country now imports half of its food. Says Abdel Razak Abdel-Meguid, the American-educated Deputy Prime Minister for Economic and Financial Affairs: "Because of our favorable balance of payment statistics, the economy looks good on the outside. But inside it needs a lot of work...
...farmers' sense of alienation from Washington. Currently, the Midwest is trying to cope with problems created by the most bountiful harvest ever: 8 billion bu. of corn and 2.8 billion bu. of wheat. The resulting fall in prices has been compounded by rising costs, high interest rates and stagnant consumer demand. But many farm leaders now argue that subsidizing overproduction will not solve their problems. Says Iowa Agriculture Secretary Robert Lounsberry: "The election produced a mandate for the marketplace to set the price, but now a lot of people in Washington are talking differently...