Word: sunk
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...complaints about the management of the U.S. economy focused on the large U.S. budget deficits that are keeping real interest rates high. West Germany's Steger summed up the European case by warning, "As long as you stick to this policy of high deficits, an overvalued dollar, capital sunk in for the health of the New York stock market but not industry, then there will be pressure for protectionism." U.S. Senator Charles Mathias, a Republican from Maryland, also took the lead in voicing concern over protectionism, referring specifically to rising U.S. public pressures for import restrictions. "Protectionism...
Venezuela, for example, has run up a foreign debt of $25 billion. The country's per capita output of goods and services has sunk to a level about 15% below where it was in 1978. Faced with a drop in oil revenues this year of at least $4 billion, Venezuela has shelved plans for construction of a new railroad, a steel mill and several highways. With an election coming in December, the government is already getting edgy about political unrest. Three journalists were jailed two weeks ago for criticizing the President...
...missile warfare make these surface ships far more vulnerable. Retired Admiral Hyman Rickover has estimated that carriers would survive only two days in an all-out nuclear war; the Navy reportedly refused to station one off the coast of Iran during the hostage crisis for fear it would be sunk. Yet the Navy justifies its desire for 15 carrier groups as necessary in case of a major war with the Soviet Union. The entire $96 billion five-year buildup of surface ships would only result in 70 more attack planes being available to project American might...
...Plutnicks for a lay in Gaurd Bob Ferry added two tree throws 20 seconds later. The Crimson got the hall again and when Diston saw an opening in the Tiger zone he drove through the lane jumped up in the air and dropped at off to White, who calmly sunk a three looter. Ivy League Overall Team W L Pct W L Pct. Princeton 10 2 .833 16 8 .667 Penn 9 3 .750 15 9 .625 Columbia 7 5 .583 10 14 .417 Cornell 6 6 .500 10 14 .417 Yale 5 7 .417 9 14 .391 Harvard...
...suspicions that her goal, and that of the Reagan Administration, is to slash the agency's budget and staff so deeply that its regulations become flaccid. Environmentalists like to say that during her stewardship, the EPA has been transformed into the "industry protection agency." Morale among employees has sunk so low that the EPA is the most leak-prone bureaucracy in town. "It's not easy to run an agency when the whole work force is either under subpoena or at the Xerox machine," a chagrined Gorsuch told TIME. Known to some subordinates as the "Ice Queen...