Word: tailspinning
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Dates: during 1980-1989
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...Midwest, however, the heat and drought have had a mixed result. Commodity markets have been on a rollercoaster ride of boom and bust this year. Prices went into a tailspin last January, after the President announced the Soviet grain embargo. But reports of the drought began pushing them up again by the end of June. The market has also been helped by the timing of the Soviet decision to resume buying American grain on the last year of a five-year contract. It was announced last week that the Soviets will make an initial purchase of 100,000 metric tons...
...Republican leaders in Congress would fight for a $36 billion tax cut to take effect on Jan. 1. As a result of President Carter's economic policies, said Reagan, "production lines are being idled, factory gates are closing across the land, and housing construction has gone into a tailspin...