Word: turndowns
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...expect such stubbornness from Western nations with shorter track records of democracy and alliance—but not from France, whose modern history has been closely intertwined with that of the United States. Unfortunately, France may be looking out for its supplies of oil from Iraq. With a global turndown still underway, France is trying to avoid the inflationary pressures and production slow-down a war—or the serious threat of war—can cause...
...shop in the port city of Inchon is a good place to see some of the changes sweeping Korea. After losing his job as a purchasing manager at a now bankrupt equipment-manufacturing firm, Kim noticed people were spending more on shoe repairs to save money during the turndown. Demand was also rising as paternalistic companies cut back on the coupons for new shoes they used to hand out to employees as part of Korea's benevolent corporate welfare system. So over his wife's objections, Kim found a partner and poured his savings into the shoe shop...
...gray Jaguar, who flashes a frozen smile but keeps his window up and roars away the minute the light turns green. "What's up, pop?" he calls to an elderly couple, who hurriedly push past him. "Just keep asking, keep asking," says Brown after a particularly rude turndown. "Oh, this...
...Time and again he has refused to bow to Administration complaints that the Federal Reserve should ease monetary policy and reduce interest rates. Some political experts think the World Bank offer was a White House ploy to move Volcker aside before the 1986 congressional elections, but the chairman's turndown is a strong indication that he intends to head the Federal Reserve until his term ends...
...also been rumored that Bok has received at least one turndown in his search, which has been going on since last May, when Rosovsky announced his intention to resign at the end of the current academic year. Harvard Treasurer George Putnam '49, a member of the Corporation, said last week, "One, I think, turned it down...