Word: steeping
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...Argentina international financing for free-market reform is in jeopardy. In India foreign institutional investors have dumped their holdings, sending the stock market into a steep plunge. In Japan a sharp increase in the damage estimate of the Kobe earthquake has sent the Tokyo market tumbling as money managers expect the country to cash in some of its foreign holdings to pay for reconstruction. In the U.S. investors are pulling back even further in anticipation of yet another interest-rate hike, which would make overseas capital markets even less attractive than they are today...
Such realizations punctured some of the early forecasts of a silver lining in Kobe's tragedy. Even as heavily hit manufacturers like Kobe Steel had to absorb further jolts on the stock market, construction-industry issues were hot prospects on the Tokyo exchange. After the Nikkei index's steep dip early last week, bidding on these shares helped the exchange recover 318 points by the close of trading on Friday. But the boomlet of hope in the ashes was not enough to convince more sober heads...
...quips. Botta's brick masses occupy their site with authority and dignity, and their striations save the windowless walls from dullness. It might have looked like an art bunker, but Botta avoided this by splitting the mass symmetrically with a protruding skylight: a big cylinder sliced off at a steep angle and faced in bands of dark and white granite...
Pick just about any major institution, and chances are Americans are scrambling to find a more agreeable substitute. The Yankelovich Monitor, an annual survey of 4,000 Americans based on interviews conducted in their homes, shows a steep erosion of trust in traditional authority. Among the fallen: doctors, religious leaders, big companies, schools and especially the Federal Government. What makes people in the survey ``very angry,'' said 55% of them in 1994, up from 44% the previous year, is people in positions of power who ``say one thing and do another...
...high official attached to the dam. There, an apologetic aide informed her that due to one of the city's increasingly frequent power shortages, the elevator was out -- and she would have to climb six flights of stairs. Leaning on her interpreter, Burton made it up the steep candlelit stairway. "When I arrived, wilted and breathless," she recounts, her interview subject chuckled, gestured to a mural of the dam and said, " 'Now you can see for yourself how badly we will need the energy this dam will supply...