Word: torrid
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Dates: during 1980-1989
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...baseball Hall of Fame member who broke in with the pennant-winning 1924 New York Giants at 18, becoming the youngest player ever to appear in the World Series, and racked up a career batting average of .311 in 13 seasons (his best year: 1930, when he hit a torrid .379); after a long illness; in Chicago. After retiring as a player, Lindstrom spent 13 years as baseball coach at Northwestern University...
Attractive companies have felt ever more vulnerable since President Reagan took office. When the new Attorney General, William French Smith, asserted that "bigness is not necessarily badness," merger makers saw his words as a green light to corporate takeovers. If the present torrid pace of acquisitions continues, U.S. companies could spend $70 billion this year to absorb more than 2,000 other firms. Says Robert Lekachman, professor of economics at New York's Lehman College: "The Reagan Administration has unleashed the wildest collection of mergers and takeover events since Napoleon conquered most of Europe...
...level of inflation for the first quarter dropped to an annual rate of 9.6% from 13.2% in the final quarter of 1980. The Bureau of Labor Statistics reported that the Producer Price Index for April, a precursor of consumer prices, rose at a 10% annual rate, down from the torrid 16.8% pace of the previous month...
...best evidence of the economy's vitality was the preliminary figure for the gross national product in the first quarter. Administration officials project an increase in the G.N.P. at an annualized rate of 5%. Although few forecasters expect the economy to maintain that relatively torrid pace throughout the year, Otto Eckstein, president of Data Resources, a business consulting firm, believes that the first quarter's results were a sign that the economy may slow down but will not contract this year. Says Eckstein: "I don't see any negative quarters...
...cruel amplification of sound -Broadway's sin against all musicals -robs some of the numbers of the sinewy, teasing subtlety that is an Ellington touchstone. Otherwise, the show is torrid, torchy and trig. -T.E.Kalem