Word: downturn
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...last 10 or 20 years have seen a decline inreal revenue," says DeMay. "The trustees felt itwas time to set up a plan with which WHRB canreverse the downturn and start the upturn...
...brood. Because he never tookHollywood so seriously to begin with, he wasn'tdevastated by the downturn in his career. He'sfinancially secure; it's a good bet the chainsaround his neck do not turn green in the shower.And he's still doing the community work he'sregarded as his real calling from the start. Hesays, "I've never seen myself as a star, I nevercall myself a celebrity, or a superstar whatever.If you look at my job, my union card, it says`actor.' It don't say nothing about celebrity,movie star, nothing like that, and that's onething that...
...began, it was Murdoch's ventures themselves that seemed shaken up. After a rash of acquisitions ranging from TV stations and printing presses to TV Guide magazine, News Corp. found itself with $9.5 billion of high- interest debt. That burden, compounded by a worldwide economic downturn, dealt the company a $308 million loss in 1991. To pare down the debt, Murdoch sold $1.2 billion of stock and spun off such assets as the Daily Racing Form, Seventeen and New York magazine. The moves still left News Corp. with $7.5 billion in IOUs but helped it record a profit...
...setback left business leaders and jet-setters abuzz over the billionaire's misfortunes. Says Baron Edmond de Rothschild, patriarch of the French banking dynasty: "Karim, like so many others, has been caught in a cyclical downturn more severe than any we have seen in Europe since the end of World...
...snow and rainstorms that battered the South, West and Northeast during February and March. Still, the Administration can expect more bad news, says an influential group of chief executives. In its first report card on the Clinton Administration, the Business Council predicted sluggish growth ahead due to the continuing downturn in Europe and other markets...