Word: steep
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...past 34 years, he has celebrated Pentecost Sunday by leading a small group of family and friends on a climb up the Rock of Solutré, a steep and scenic ascent near the medieval Abbey of Cluny in east central France. The locale has a special meaning for him. It was there that his wife's family sheltered members of the Resistance during the German Occupation. After the war, the annual Solutré pilgrimage became a tradition with François Mitterrand, an occasion to reunite with relatives and old war friends...
These cuts and the $400 fee alumni pay to bring their families help offset the rising cost of labor and steep price increases for large events. For example, the cost of renting Symphony Hall for the traditional Boston Pops concert for alumni and their families "goes up in the thousands" each year, she said...
...enough to send any self-respecting member of Parisian cafe society lunging for the bicarbonate of soda. Maxim's, the world-renowned, gastronomic masterpiece on the city's tony Rue Royale, was sold last week. The new proprietor: Fashion Designer Pierre Cardin. The $20 million tab was steep even for Cardin, 58, who lately seems more interested in haute finance than haute couture. He has had designs on the art nouveau establishment since 1978, when Maxim's present owners, Louis and Maggie Vaudable, agreed to lend the eatery's venerable name to a Cardin-owned line...
...high cost of borrowing has made the conventional longterm, fixed-rate mortgage as old-fashioned as Willy Loman's Studebaker. Virtually all banks in California stopped making such loans last fall. Hundreds of thousands of would-be buyers now simply cannot afford the big down payment or steep monthly charges involved in those loans. Herman J. Smith, president of the National Association of Home Builders, says that only about 4% of first-time home buyers can qualify for a 15% mortgage on a median-priced house. Therefore, people are turning to so-called creative home financing...
...early stage of the campaign. Much of the credit belongs to Begin's new Finance Minister, Yoram Aridor, appointed last January. Confronted with Israel's breathtaking 130% annual inflation rate, Aridor, 42, came up with a savvy political response: drastic cuts in the country's steep excise and import taxes on autos, color television sets, washing machines and other consumer products. While polls in January predicted an absolute Labor majority in the 120-seat Knesset, they now show Labor with only 45 seats, Begin's Likud with 33 and various splinter groups with...