Word: steep
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...Agreement on Tariffs and Trade (GATT), warned that even when the recovery begins, it will not be like those of the past. Said Tumlir: "Some people talk as if this recovery were going to save us all or that we are returning to the 1960s, when straight-line, fairly steep growth paths seemed to be stretching from here to eternity. But this expansion is really just a cyclical one. None of us is willing to argue that it is going to last more than three years...
...need for steep increases at the smaller, less well-known private schools worries their administrators. While there will always be a Harvard, no matter how high the stakes, many private-school officials realize that higher tuition could allow state institutions to siphon some students away. Pat Smith, director of legislative analysis at the American Council on Education, notes that the small private schools "could price themselves out of the market." The rise in fees, however, puts these schools in a catch-22 situation: the more tuitions go up, the more they have to boost scholarship funds, or deny admission...
...economic shocks of the '70s and '80s, pollsters and academics have noted declining American confidence in the nation's institutions. In The Confidence Gap (Free Press; 434 pages; $19.95), Stanford Sociologist Seymour Martin Lipset and William Schneider of the American Enterprise Institute attempt to discover how steep that decline has been and what caused...
...Ever since I was in film school in the '60s, I've been on a train. Back then I was pushing a 147-car train up a very steep slope-push, push, push. I pushed it all the way up, and when Star Wars came along in 1977,1 reached the top. I jumped on board, and then it started going down the other side of the hill. I've had the brakes on ever since. My life since Star Wars has been spent pulling back on all these levers, trying to stop the train from going...
Maynard bought the Tribune without putting up any cash. The $22 million price, steep for a paper that lost $3 million last year, came entirely from loans, $17 million from Gannett. The chain's generosity was prompted in part by a federal antitrust regulation that prevented it from owning both the paper and a San Francisco TV station, KRON, which Gannett had avidly pursued. Says Maynard: "Gannett's position could have been stronger...