Word: steepest
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Dates: during 1980-1989
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While the Europeans generally hope to suffer only a mild slowing of economic growth, U.S. business continues to reel downward. Initial indicators showed last week that the American economy in the second quarter is declining at roughly an 8% annual rate, the second steepest drop since the Depression and the worst since early 1975, when the nation's business plummeted 9.1%. Labor Secretary Ray Marshall predicted that unemployment could reach 8.5% early in 1981, much higher than the 7.2% peak that the Administration had originally forecast. Housing continued to be one of the economy's weakest sectors...
...Unemployment in May jumped to 7.8% of the work force, from 7% in April and 6.2% in March, the steepest two-month rise in at least 32 years. The rate already is well above the 7.2% figure that the Carter Administration had forecast for the end of the year. Each week 675,000 laid-off workers are filing claims for unemployment compensation...
...scramble to re-tune its policy began almost from the moment that Carter first received his routine advance copy of the Labor Department's latest Consumer Price Index data on Feb. 21. As expected, January's 1.4% increase, or a compound annual growth of 18.2%, was the steepest of any month since August 1973. The figure made plain enough what White House Economic Advisers Charles Schultze and Alfred Kahn had been warning about since well before Christmas: rising oil prices, higher interest rates and a frantic "buy it now before it costs more" inflation psychology were pushing prices...
...real villain of Squaw Valley was a stretch of snow on the women's downhill course. Shooting down the steepest part of the run, skiers would suddenly hit a bumpy, hard-packed mound that sent them flying just as they reached a 90° bend, appropriately dubbed "the airplane corner." The high hopes of the American women crashed at that turn: Betsy Snite and two teammates spilled. Pitou did not fall, but she tottered, squandering precious ticks of the clock and losing the gold medal by 1 sec. to Germany's Heidi Biebl...
...over the past year, Kodak last week announced increases of up to 75% on its whole line of film products. A twelve-exposure cassette of Kodacolor II, for example, went from $1.86 to $2.15, and a 36-picture roll of Kodachrome slides jumped from $4.40 to $5.29. The steepest increases were for graphic arts films and photo typesetting paper used by newspapers. Du Pont, a manufacturer of X-ray and industrial films, has raised its prices by as much as 80% in the past year. Polaroid boosted prices 6% earlier this month and said it was considering further increases. Polaroid...