Word: sunk
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Dates: during 1970-1979
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...paid $3 a share to buy back stock that had slipped to $2.25 in the market by 1973; and Houston-based Diversified Design Disciplines, Inc., an architectural and engineering firm (annual income: $9 million) whose stock was initially offered at $12.50 in 1972 and has since sunk to $4.50. The company says that it will try to repurchase the shares for $7 each...
Married. Huntington Hartford, 63, A. & P. heir and professional celebrity who has sunk millions into art and publishing; and blonde Elaine Kay, 21, a former Fort Lauderdale, Fla., hairdresser; he for the fourth time, she for the first; at Hartford's Manhattan home...
...indifferent administrator who much prefers to grapple with big foreign policy issues, Brandt began to feel swamped by his seemingly uncontrollable domestic problems. In January, reports TIME'S Bonn Bureau Chief Bruce Nelan, "Brandt began to talk to intimates about resigning. He had sunk into a deep depression, viewing the world and its future in near-apocalyptical terms. Diplomats in Bonn began reporting the Chancellor's lethargy and lack of drive. The opposition Christian Democratic Union increased its charges that Germany was leaderless...
...Chancellor has sunk into fits of melancholy before, but this time the image of a listless Brandt took its toll at the polls. In a series of state and city elections, the S.P.D. suffered setbacks ranging from 6% to 10%, compared with 1970. Experts were predicting that the Socialists would lose a June 9 election in the state of Lower Saxony, even though Brandt has promised to campaign there personally. The most Europe-minded of the Continent's leaders, he was also saddened by the insistence of Britain's new Labor government that it would "renegotiate" the terms...
...thought the U.S. would suffer less from the oil squeeze than other countries, and because they were impressed by the fact that two painful dollar devaluations had swung the U.S. trade balance back into the black. The turnaround proved shortlived; in recent months the dollar's value has sunk enough to wipe out almost all the gains posted during the fuel crisis...