Word: steep
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...harsh afternoon sun was setting as the cortege made its way up the steep incline. Some of the men, Nicaraguan President Daniel Ortega Saavedra among them, rotated as pallbearers. At the hilltop cemetery overlooking Matagalpa, a city 75 miles northeast of Managua, the crowd of more than 1,000 paid their final respects to Benjamin Linder, 27, an engineer from Oregon who died last week of shrapnel wounds suffered during a contra attack. He was the first American volunteer working on behalf of the Sandinistas to die in Nicaragua's five-year-old civil war. Linder's parents...
...incredible bull market in stocks has produced billions in profits for investors over the past 4 1/2 years -- and millions in losses for those caught in the market's occasional steep downswings. That seesawing continued last week as the Dow Jones index of 30 industrial stocks ended the week at 2235.37, after skyrocketing by 66.47 points one day and dropping by 51.13 the next. Amid the ups and downs, no investor has done better than George Soros, 56. During the past two years alone, the soft-spoken, Hungarian-born manager of a fund known as Quantum has amassed a staggering...
...heyday of Prohibition, Americans looked northward for booze, as truckloads of illicit liquor poured from Canada into a thirsty U.S. These days the high-proof smuggling traffic is operating in reverse, as Canadians try to get around their country's steep taxes on hooch. A 1 3/4-liter bottle of Smirnoff vodka sells for as much as $26.50 in Canada, with taxes accounting for nearly $22 of the price. A similar size bottle can be had for only $16 across the border in New York. "There's little stigma attached to smuggling liquor," says William McKissock, a senior Canada Customs antismuggling...
...whom have secretly enjoyed its discomfort in the Pennzoil crisis. The company's chairmen have been known for making their own decisions. James Kinnear, who has been chief executive for less than four months, may adopt a more democratic management style. But Texaco could have already paid a steep price for its autocratic tradition. It was one man -- John McKinley, Kinnear's predecessor -- who decided in 1984 to buy Getty Oil. At best, he had a good idea that was poorly executed. In any case his decision set in motion the chain of events that would drive Texaco to bankruptcy...
...factor that has had the greatest single impact on Japanese trade is the skyrocketing value of the yen, which has risen 60% against the U.S. dollar since September 1985. The steep rise in the yen has helped push the Japanese economy into a trough. The change in currency value was expected to help correct the trade imbalance by making U.S. exports to Japan cheaper and Japanese exports to the U.S. more expensive. Finally, after long and frustrating delays, there are signs that such changes are slowly coming about. The Japanese claim their U.S. imports last year rose by almost...