Word: dampens
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...investment, the retailing industry has the look of a losing bet. In just the past few months, hard times or bankruptcy has befallen such legendary stores as B. Altman, Bonwit Teller, Bloomingdale's and Abraham & Straus. Yet this prominent list of casualties failed to dampen the bidding war that began last September when B.A.T. Industries of London decided to sell Saks Fifth Avenue, one of the most prestigious U.S. retailing chains. At least four potential buyers vied for the richly profitable company (estimated 1989 earnings: $111 million), which has 45 stores in such locales as Manhattan, Beverly Hills, and Palm...
Banished for nearly a decade, the scourge of stagflation, with its fast- rising prices and dismal economic growth, is threatening the U.S. again. Inflation fighters, chief among them Federal Reserve Chairman Alan Greenspan, had hoped that the current combination of relatively high interest rates and sluggish growth would dampen price increases. But the Labor Department said last week that consumer prices rose 0.5% in March, bringing the annual inflation rate in the first quarter to 8.5%, the fastest pace in nearly eight years. "What's so scary about the number is that it's going to take more pain...
...Harvard track teams did not allow the poor weather conditions Saturday dampen their competitive spirit against Northeastern in their opening outdoor meet...
...increase in credit costs has prompted economists to predict a slowdown for Japan's growth. While only a few predict a recession, many economists believe high interest rates could dampen consumer spending. High rates and the depressed stock market could also discourage capital investment by Japanese corporations. Virtually all equity financing planned by major Japanese firms was suspended temporarily last week in an effort to prevent bogging down the market. Companies ranging from Sumitomo Metal Industries to Matsushita Electric Industrial postponed major plans to raise funds...
Harvard's aggressiveness took Dartmouth by surprise and forced the Big Green, leading, 41-36, to take a timeout early in the half. But this did not dampen the Crimson's spirit, as Harvard managed to gradually pull even...