Word: wave
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Dates: during 1980-1989
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...decade ago, socialism seemed to be on the ascendancy, despite some severe cracks in its facade. In Bombay and Bangkok, in Lima and Lusaka, governments were nationalizing industries and imposing ever growing and restrictive regulations on private companies. The rising tide of socialism threatened to become a tidal wave. Among superpowers, the Communist Soviet Union appeared to be gaining in international prestige and influence, while the capitalist U.S. seemed to be declining. Racked by oil crises, recession and an inflationary fever that soared to double digits, the free-enterprise system faced a doubtful, some said downright perilous, future...
...that even this year's severe drought in the South will fail to boost depressed farm prices. The sad result: farmers in those states will face a double bind of low prices and small harvests, which could push many of them over the financial brink. Last week's heat wave, which reached 105 degrees F in parts of the Carolinas, further scorched crops and killed more than 500,000 chickens. "This could put us completely out of business," laments Dairy Farmer Charlie Bouldin, of Chatham County, N.C., who expects less than 30% of his hay and corn crops to survive...
...nearly simultaneous explosions led some to fear that a new wave of terrorist activity was under way in Western Europe, following the bombing of the Libyan cities of Tripoli and Benghazi by U.S. warplanes in April. The Paris bombing, however, seemed sharply focused on a domestic issue. A communique addressed to the daily Le Monde suggested that a recent decision by the French government to grant police new powers to stop and interrogate suspects may have triggered the terrorists' action. In Bonn, Federal Prosecutor Kurt Rebmann urged West Germans who might be sympathetic to the noble-sounding aims of terrorist...
...another era, the selling wave would have signaled a stock-market catastrophe. But, surprisingly, there was nothing akin to a major panic on the floor of the New York Stock Exchange last week, even as the four-year-old bull market took a sudden nose dive and the Dow Jones average of 30 industrial stocks suffered its largest single-day decline in history. Only six days after breaking through the 1900 level for the first time ever, the Dow plunged 61.87 points, to 1839, on the week's opening day. On Tuesday the bears were again on the prowl...
...true that the country has recently made some progress in the direction of racial reform. Last month, for instance, Parliament passed legislation abolishing influx control and pass laws governing the movement of blacks throughout the country. But such progress has been overshadowed by the wave of repression that has coincided with...