Word: steepest
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...most literal-minded mountain bikers are the "gravity" riders, who strip off the pedals, strap on a helmet, station themselves at the top of the steepest incline they can find and go like a bobsled. Says Scot Breithaupt of Palm Springs, Calif., a former motorcycle racer: "It's a bunch of death-wish riders pointing straight down the hill. It's dynamic!" Equally fearless are those riders near Vail, Colo., who take helicopters to the high country or ride the ski lifts up the mountains and then charge through the backcountry trails. "I got into mountain biking to escape," says...
Significantly, it was the steepest plunge since the New York Stock Exchange on Feb. 4 adopted rules that are designed to curb the volatility caused by program trading, which involves buying and selling huge blocks of many different stocks. According to the new guidelines, whenever the Dow is either up or down by 50 points in a single day, investment firms are no longer allowed to use the Big Board's computers to execute program trades. Last Thursday the 50-point barrier was broken for the first time on the down side, and though the new regulations were invoked...
...known locally as the "city of eternal spring" for its mild mountain climate, has become the city of eternal violence. More than 3,000 people were murdered there last year, a homicide rate about five times . as high as New York City's and most likely the world's steepest. In one 18- hour period at the beginning of February, Medellin police reported 13 killings. "It has other values not known to the world," says a defensive Mayor William Jaramillo Gomez. "But yes, as a result of drug trafficking we have to admit it is also a dangerous city...
...consumer spending continues to falter, a recession could follow. One barometer of future trends, the index of leading economic indicators, fell 1.7% in November, its steepest slide in more than six years. Economists noted, however, that falling stock prices accounted for much of the decline. The fate of the economy may depend on what happens to the trade balance. Most experts expect that the dollar's fall will lead to a surge in exports and a drop in imports. If that happens, less domestic consumer spending will be needed to keep the economy healthy. "There is a risk of recession...
...disturbing lows, and interest rates have recently spiked upward. Inflation may be roaring back: last week the Government reported that in April wholesale prices skyrocketed at an annual rate of 8.9%, the worst monthly performance since October 1985. For the same period, industrial production fell by .4%, the steepest drop in more than a year. The bad news dealt a sharp blow to the seemingly irrepressible stock market. The Dow Jones industrial average dropped 52.97 points on Friday, the fourth largest one-day decline in history, to close...