Word: depressingly
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Bush figured he could flood the market with cheap oil from the SPR and depress prices that have skyrocketed in the wake of the embargo against Iraq and Kuwait. Ten days ago, he authorized the Department of Energy to auction off five million barrels over the next six weeks...
...that profits would decline for at least the first half of 1989. He also announced plans to sell off much of the firm's $360 million consulting investment. Calling the move "ham-handed," Alan Gottesman, an advertising analyst at the Paine Webber brokerage firm, noted that Maurice "managed to depress morale and performance in the consulting arm at the same time that he was letting potential buyers know they could pick up the firms at a discount." Fearing a messy auction, clients began to switch to other consulting agencies. So far, only three of the smaller agencies have been sold...
Many investors are worried that the acquisition of Ogilvy would depress WPP's earnings, since the debt assumed to complete the deal could become a burden on the company. Sorrell argues that the two agencies would complement each other. While WPP's Thompson group is strong in Japan, Ogilvy has a firm hold on the European market...
...last week's stock-market rally, for example, by raising interest rates to keep German inflation in check. The move briefly touched off fresh fears of a worldwide round of rate hikes and slower growth. Meanwhile, competition from Japanese and European firms that have opened U.S. offices is helping depress Wall Street commissions. Wall Street is not alone in its distress, for such financial centers as London and Tokyo are experiencing similar overcrowding...
...disposal of such a huge property glut presents Government bureaucrats with a very delicate situation. If they try to unload the property too fast, they could sharply depress the real estate market and the value of the assets they still hold. The falling prices could put even more S & Ls in jeopardy by undermining their outstanding real estate loans. Already the impending sales have frightened real estate investors and kept a damper on prices, especially in the hard-hit Southwest. The federal holdings, says Dallas S & L adviser Richard Kneipper, are like a "tidal wave about to crush...