Word: steep
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...senior takes a job for the education the job will provide," says the analyst, "out now that the [intellectual challenge] has changed and the work consists of more 'busy work' than before Black Monday, your learning curve will not be as steep...
More than just the stock market took a dive last month. Housing starts plunged by 8.2% in October, to an annual rate of 1.5 million, the lowest level in more than four years. Economists blamed steep mortgage rates, which rose from a national average of about 9% in January to nearly 12% by Black Monday, Oct. 19. Since the stock-market crash, mortgage rates have dipped to just below 11%, but that does not guarantee a quick recovery in the housing market. One reason, aside from the fact that many potential customers suffered big paper losses in the market meltdown...
...interest rates at which money is lent throughout the U.S. banking system. On the job less than three months, Greenspan is suddenly being forced to make rapid and delicate decisions to prevent the market crash from turning into a mushrooming financial collapse and to stave off a steep recession. Says Charles Schultze, who was chairman of President Jimmy Carter's Council of Economic Advisers: "Greenspan is in a very difficult period in which he is truly being tested...
Further, since older scholars have been able to steep themselves in their subjects longer, the current system emphasizes experience and hard work at the expense of pure ability and potential. Once again, the TSAT offers a solution. Since there will be no way to prepare for the TSAT (forget what Stanley Kaplan says), all scholars are on equal footing, regardless of the breadth of their knowledge; this standardized test assumes no prior familiarity with any specific subject, emphasizing instead innate reasoning ability, vocabulary, reading comprehension, and logical relationships...
Arthur Cavanaugh Jr., 27, agrees. While crossing a steep slope one morning, he slipped and tumbled 60 ft. into a river, severely spraining his left ankle. It took 45 minutes just to get him back up the hill. For Cavanaugh, the war was a welcome respite from unemployment. "I tried working in an office once, but I spent all day just gazing out the window," he says, sitting on a plane bound for home, still proudly adorned in his smoke-ridden fire-fighting clothes. "This job gets me outside, fighting to protect something I believe...