Word: churnings
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Dates: during 1980-1989
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...himself at a headlong pace. Even as he scooped up retailers, Campeau made plans to build dozens of big department stores. While he spun off such acquisitions as Brooks Brothers and Bonwit Teller to pay part of his $11 billion debt, he insisted that his remaining chains could churn out enough cash to make interest payments, finance expansion and yield profits as well. Instead, the cash registers rang slowly as the retailing industry suffered from stagnant consumer spending...
Real Harvard professors are too busy to teach summer school. Senior faculty spend the summer jetting around the world and having lunch with top government officials. Junior professors spend the summer months frantically attempting to churn out the reams of published material you need to get a lifetime post here...
...gift for fear that it was poisoned), he was a compulsive gambler. It was his only vice. His sex life should certainly have appealed to prudish Ruskin, for it did not exist: he shunned women in the fear that they might be witches. But gambling debts led him to churn out hack paintings, with predictable results for his reputation...
...movie, Mirror for Heroes, a modern time traveler finds himself condemned to relive endlessly one day in the Stalinist past. Such periodicals as Ogonyok and Moscow News churn out article after article attacking Stalin or rehabilitating his victims; even Leon Trotsky, Stalin's archenemy, can be portrayed with some sympathy. Excerpts from Let History Judge, a scathing work that historian Roy Medvedev published in the West in 1971, have begun appearing in the Soviet press, and the entire book is scheduled for publication late this year. The book argues that the Gulag's supposed labor camps were often really death...
...elixir for the economy: "This will increase revenue, help savings and create new jobs." In a reprise of the dubious less-is-more assumptions that once undergirded Reaganomics, Darman argues that such a tax reduction would yield $4.8 billion in additional revenue in 1990. The logic: grateful investors would churn their portfolios in a frenzy to take advantage of the more generous tax rate. Although there is no consensus, most respected economic models challenge these assumptions. A study by the Congressional Budget Office, for example, puts the annual loss in the first year to the Treasury around $4 billion...