Word: sunk
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...when the Dow closed at 1004, investors' minds had been dominated by fears of inflation, higher interest rates and possible recession, despondency about the dollar and a widespread feeling that the Carter Administration was floundering in economic policy. By last Feb. 28, the Dow had sunk 26%, to 742, at which point stock prices had discounted all the bad news that could reasonably be expected, plus all that could unreasonably be feared, plus a bit more for good measure...
...than the New York Times gave it. And The Washington Post ran a small piece on it in their Local News/Obituaries/Classified section; that same day, the Post's leading story was about black suburbanites learning the joys of cultural assimilation. Go on: scratch your head; it hasn't quite sunk...
...pristine course opened with Hunnewell hitting the first shot off the tee. Miraculously, he sunk a hole-in-one, but the assembled spectators, who had never witnessed golf, remained totally impassive, merely assuming that this was the goal of the game...
...indication of the depths to which relations between Carter and the Jews have sunk is a nasty squabble over Carter's chief foreign affairs adviser, Zbigniew Brzezinski. Jewish leaders blame him for much of what they see as the pro-Arab tilt in Administration policy. Brzezinski has aggravated the tension by charging that the Jewish community is trying to smear him as antiSemitic. Retorts Rabbi Alexander Schindler. chairman of the Conference of Presidents: "That's an outrageous overreaction on his part. Nobody called him anti-Semitic or implied that. Disagreement is not racist." His conference colleagues back Schindler...
Some of the wells are drilled by utilities and wildcatters who provide free fuel and a small royalty to the landowner. Other wells are sunk by individuals. A typical case is that of Fred Norman of Harborcreek, near Erie, Pa., who decided three years ago to follow the example of many of his neighbors and dig his own well. For $3,000 Norman hired a water-well driller, who struck gas at only 874 ft. Norman's cousin, a plumber, rigged a pipe to carry the gas into the house, where it fuels a hot-water heater, two heating...