Word: steep
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...some regions, it's more than that. After the U.S. decided to close its military air base at Hahn in the rural Eifel region of western Germany in 1991, the local economy went into a steep decline. The withdrawal of around 15,000 troops meant that shops and hotels lost customers, and some 850 civilians at the base lost their jobs. Then came Ryanair. The airline looked at the base in 1999 and decided it was perfectly positioned to provide an international hub for its central European operations. The locals were thrilled. "When the Americans left the future looked bleak...
...necessarily follow that two decades of outsize gains will give way to an extended period of market torment, but that's what some market analysts expect, and you might as well own up to the possibility, especially since most stocks remain expensive relative to their earnings, even after the steep declines of the past couple of years...
GIULIANI PAYS A STEEP SUM TO BECOME A FREE AGENT...
...demand for 17,000 sq. ft. of office space at the airport to house what will eventually be a force of nearly 2,000 people in three rotating shifts. Baumgartner wants to charge the going rate of $72 per sq. ft.; the TSA complains that's too steep for a federal agency already stretched thin. "You can't just walk 2,000 people into an airport and put them somewhere," says Baumgartner. "You have to do a lot of work beforehand...
...Singh's death prompted an outcry over the ease with which Alprax can be obtained. Five people, including a doctor, were arrested recently for exporting Alprax without a license to Western consumers who bought the drug at a steep discount over the Internet. But officials say that it is almost impossible to stop over-the-counter sales in India. "There are many medicines that are abused as psychotropic substances," says M. K. Singh, head of the country's narcotics board. "It is highly dangerous, but in this country, that awareness, that consciousness, is yet to come...