Word: brisker
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Whatever it is called, its effect on the American economy has been painful and profound. More than 6 million permanent pink slips have been handed out since 1987, and layoffs are occurring at an even faster pace this year than in 1992. Despite signs of a brisker economy, at least 87 large firms announced major job cuts in the first two months of 1993 alone...
...Floor says that although business at Discount Records is brisker than ever, he liked the old Square better. "Essentially, Harvard Square, almost without people noticing it, has become like a mall," he says...
...takeover fevers that racked the '80s have already begun to abate. The total number of U.S. mergers and acquisitions plunged 14% last year, to 3,412 deals, and is now declining at a brisker rate. Only 165 transactions were completed last month, down 56% from January 1989. "The big-fee merger and acquisition game is pretty much over," says Donald Ratajczak, director of the Economic Forecasting Center at Georgia State University. "There are still going to be deals, but nothing like...
...think people believed that interest rates were going to decline." But then President Reagan's budget convinced investors that deficits will remain huge and help push the cost of borrowing higher. To frightened stock-fund managers, that signaled not only slower economic growth but, more important to them, brisker competition from the markets for bonds and other interest-paying investments...
...central bank eased up considerably in the last half of 1982 and early 1983. The change in policy helped push down the prime rate that banks charge for corporate loans, from 16.5% to 10.5%, and triggered an economic upturn last spring that was much brisker than expected. From April through September, the gross national product, adjusted for inflation, expanded at an 8.6% annual pace. The economy was so exuberant, in fact, that the Reserve Board decided to tighten slightly in late spring, and the prime rate later rose a notch, to 11%. Government figures released last week showed that G.N.P...