Word: steeping
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...near the dam, Buckley beams. He is hearing his favorite sound. Despite all his reservations about the bureaucratic process, he is upbeat. "They've taken a lot of the fun out of it," he says quietly, watching the black water roiling into white foam as it cascades over the steep rock cataract, "but it's still definitely worth doing...
Israel is paying a steep price for its peculiar form of democracy. Extremism is on the rise, and the public remains far too divided to deliver a mandate. The farthest-out factions that win a handful of crucial votes may determine the next Prime Minister...
...financial system, there is virtually no sign of reform. The report on the crash from the presidential commission headed by Nicholas Brady (now Secretary of the Treasury) is a dead letter. The only result appears to be the adoption of "circuit breakers," which would temporarily halt trading during a steep market plunge. That is not a cure for the disease that brought...
...prophet of doom and gloom to sketch a possible downside scenario despite current strong economic statistics. With the trade deficit still high, inflation on the rise, no resolution to Third World debt problems and no decisive action on the federal budget deficit, we could see another steep decline of the dollar, a spurt in interest rates, a break in bond prices and a new plunge in the stock market. Major securities firms could have their capital seriously impaired by portfolio losses in their stock and bond inventories. Ultimately, loan defaults by Third World countries, financial and real estate firms, overleveraged...
When NBC won the right to broadcast this year's Summer Games, network executives knew they were taking on diplomatic and security problems, daunting logistics and steep financial risks. Despite street protests and the odd control-room snafu, the Olympic movement has largely surmounted politics, and TV technology has done justice to that glorious diversity. But the financial news last week was disappointing for NBC and, indirectly, for the organizers of future Olympics. U.S. TV ratings were 20% lower than projected, forcing NBC to pledge compensation to advertisers...