Word: steep
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...hard facts are that unemployment is steep by any measure and that the jobless rate among heads of households is twice as high as in late 1973, when the recession began. The Federal Reserve Board calculates that U.S. manufacturing industries are running at 73% of capacity, down from 83% in 1973; the industrial production index did not rise at all in September...
...some Liberian-flag ships. Over the years, dozens of American shipowners have switched their colors to the so-called flags of convenience, notably Panama and Liberia, whose regulations allow owners to pay lower wages and require fewer costly safety measures. The result has been a long, steep decline in the U.S. merchant fleet; from its position of undisputed No. 1 in 1945, it has plummeted to No. 10, behind even Italy, France and Japan. Today U.S. ships carry only 5% of American foreign trade...
STOCKS. Even before the arrival of the newest numbers on jobs and prices, investors were making their jitters about the economy felt on Wall Street. During the past nine days of trading, the Dow Jones industrial average dropped a steep 61 points. Last week, the Dow fell 28 points, to close at 952, its lowest level since mid-February...
Figuring in the days-off provision, the new contract could boost Ford's labor costs by 10% per year at most -and that much only in the unlikely instance that there is no productivity gain. A 10% jump would not be excessively steep, compared with other 1976 contract settlements. In a year that began with experts' predictions of relative calm on the labor front, several major strikes have ended with bonanzas for workers: the Teamsters won a flat 34% wage-and-benefits increase over three years, while the rubber workers got nearly 40%. The Ford strike-which...
...heaviest tank and artillery action of Lebanon's long-playing 18-month civil war reverberated last week through the steep mountain ranges northeast of Beirut. And as has more and more been the case in the country's so far insoluble struggle, the principal combatants were not even Lebanese. The battle was mainly between Palestinian commandos holding some towns near Lebanon's 8,500-ft. Sannin Mountain and Syrian forces determined to dislodge them, with Lebanese forces fighting in secondary roles. The Syrians, after a 36-hour artillery barrage, were successful; altogether, however, another 1,500 people...