Word: steepest
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...late week rally is harder to explain. The mini-boost has been accredited to better than expected quarterly results from tech companies like IBM and Google. Yet that good news Thursday coincided with figures showing that American industrial production in September dropped by 2.8% - the steepest fall since December, 1974. That came on the heels of statistics showing all-important consumer spending in the U.S. had tightened more than forecast. Meanwhile, despite government rescue plans and central bank rate cuts, there is little sign so far that frozen credit flows are thawing fast enough to get badly needed funds moving...
...steepest population declines are expected in eastern Europe, where countries such as Bulgaria and Poland could lose up to one quarter of their populations, according to the study. These losses are the result of "a combination of economic differences and relative freedom of movement," as well as reduced fertility, says Kroehnert. He noted that women in eastern Europe under communism were accustomed to working and continued to do so after the fall of the Berlin Wall. But with weakened social support networks for raising children, many began putting off child bearing until later years or gave it up altogether...
...such as India, may be drawing to a close. One ominous sign: stock markets throughout the region suffered sharp declines following a record one-day surge in oil prices of more than $10 a barrel on June 6; China's Shanghai stock market plunged 7.7% on June 10, its steepest drop in a year. While investors and economists are worried about a number of economic headwinds, rising oil prices, said Merrill Lynch in a recent report, "pose the major growth and inflation risk for Asia going forward...
...would have spared Gwat's taxi the ravages of years of chugging along rutted dirt roads and up and down Yaoundé's muddy hills in the tropical humidity and pounding rainstorms. It requires several runs for the vehicle to make it to the top of the city's steepest hills...
...even if it does become law, most of its provisions won't have much immediate impact on domestic food prices. The bill would cut subsidies to wealthy farmers, which won't be enough to impact the average grocery store bill. Americans are now facing the steepest increases in food prices in nearly two decades - in 2007, prices rose 4%, the sharpest single-year increase since 1990 - while prices for crops like wheat and rice are at record highs...