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Such a decline would mean that foreigners were pulling vast sums of cash out of the U.S. Since money from abroad has been helping to finance the huge budget deficit, the outflow of funds would drive up interest rates. Meanwhile, the Federal Reserve would be tempted to force borrowing costs still higher in order to encourage the foreign capital to return. The outcome of all those actions would probably be a painful and prolonged recession...
...AIDS task force at Atlanta's Centers for Disease Control, and he adds, "It'll get worse." CDC officials expect the number to double by this time next year. The epidemic is spreading worldwide. W.H.O. officials report that Paris has almost the same incidence as Los Angeles. The vast majority of AIDS cases--about 73% in the U.S.--have occurred in homosexual or bisexual men. Researchers think that the virus can remain latent for years before causing symptoms, so that people infected five or more years ago may still run the risk of developing the disease...
...great deal. Malcolm spends much time in the vast third of Canada that few Canadians ever visit: the huge, deserted Northwest Territories, an area larger than India that supports fewer people than can fit comfortably into Yankee Stadium. Everywhere, he finds an ingenious effort to utilize geography for profit. He has a fine appreciation for the weight of that harsh immensity on the Canadian psyche, so different from the buoyancy imparted to Americans by their frontier. Along the southern strip, where most Canadians live, Malcolm discovers a culture of impressive accomplishment. He cites litanies of artistic, theatrical and literary figures...
Like the Los Gatos area, other regions of the West have now taken on an almost surreal look: vast, charred ranges spotted with orange flames and black smoke. But an end may be in sight, at least for parts of California. At week's end, the high-pressure system seemed to be easing, a fog moved in, and temperatures dropped into the 60s. As the first weak drops drizzled down, joyful fire fighters shouted, "It's raining! It's raining!" --By Amy Wilentz. Reported by Stephen Koepp/Los Gatos and Richard Woodbury/Los Angeles
...Boomtown Rats and guiding spirit behind Live Aid, it obviously did not give him serious pause. He meant to raise money, and the tunes could match up to the ideal or not. Music was the come-on of the day, not the essence, and world television was like a vast electronic banking window...