Word: badness
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Dates: during 1980-1989
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...recent years, no firms that underwent leveraged buyouts have failed. But Wilbur Ross, managing director of Wall Street's Rothschild Inc., warns: "The real test will come the next time you have a combination of high interest rates and a bad economic environment. When that happens, we'll see just how prudent some of these deals really were." As every sensible investor should know, a formula designed to create huge profits in good times can eventually lead to enormous losses in bad times...
Suddenly the sound of the engines changed as the flight attendant rapidly recited that landing litany, make sure your tray tables are upright. Daria hugged herself, glancing around her seat for stray items. Home... She had suffered from bad dreams. But now almost immediately she was being returned to Ross, her love, and things would be better between them. He would have missed her Now things would be just fine...
...abuses of Mexican citizens in the U.S. The reaction in the Mexican press was overwhelmingly hostile. "The insult inflicted on us by the U.S.," wrote Gonzalo Martre in the Mexico City daily El Universal, "has wounded our national honor." Gilberto Herrera, another columnist, accused the U.S. of being a bad neighbor and of forgetting how Mexican laborers came to the assistance of U.S. agriculture in World War II. Other press critics complained about Washington's refusal to ease trade restrictions while Mexico suffers its most severe economic crisis since the Depression, making it harder for Mexico to sell...
Evidence is mounting that foreign competition is forcing U.S. industry to change its bad habits. According to the Commerce Department, businesses plan to spend a record $309 billion this year for new plants and equipment, a 14.8% increase over 1983. "We seem to be in the midst of an investment boom," says Michael Levy, director of economic policy research at the Conference Board, a business supported think tank in New York City. In addition, manufacturing companies held wage and benefit increases last year to an average of 5.4%. Since worker productivity jumped 6.2%, U.S. industry managed its first reduction...
With four seconds left, a bad valve scrubs a shuttle debut...