Word: steeper
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...dirt road running up Parachute Creek in western Colorado winds through an ever steeper canyon. As the road climbs, it deteriorates into first a stream bed and then a cliff-hugging path that passes a blackened ledge of shale rock that was struck by lightning two years ago and spouted flames for three days. The Indians once dubbed the magic mineral "the rock that burns...
...George Meany's apparent successor as president of the AFL-CIO, has already condemned the Fed's big rate boost as the "wrong move at the wrong time." Economist John Kenneth Galbraith labeled the Federal Reserve's program "an incredibly dubious policy" that will cause a steeper decline but help very little in slowing inflation...
...real risk of the tangibles scramble is the impact that it has on the economy as a whole. By encouraging an at titude of buy now before the price goes up, panicky consumers are making further and even steeper price increases virtually inevitable. Yet people are not about to change their attitudes until inflation itself is brought under effective control. If that does not happen, the nation may some day discover that "basket of currencies" does not mean merely francs, marks and yen but also, perhaps, bullion, baubles and condos...
...speculators from dumping dollars to buy marks. But all it took was some news about the U.S. trade deficit to send the buck plunging sharply anyway. Most members of TIME's Board of Economists expect the dollar to fall further. So long as inflation in the U.S. remains steeper than in other leading industrial countries, says Economist Otto Eckstein, "the dollar is indefensible...
...Credit for the elevation goes to Michael Cimino, 38, the Oscar-winning director of The Deer Hunter. Cimino's new film, Heaven's Gate, will dramatize the Johnson County War as lavishly as his last film did the war in Viet Nam, but the price will be steeper. The Deer Hunter was a $12 million movie. By the time Heaven's Gate is completed in October, it will probably cost more than twice that much...