Word: downturns
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Dates: during 1990-1999
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...broad economic downturn could inflict heavy damage on both banks and S&Ls. The threat of a such a slump was aggravated last week, when oil prices rose more than 10% in response to Iraq's invasion of Kuwait. Ironically, rising crude prices would reinvigorate the economies of oil-patch states where thrifts have been hit hardest, but the effect would probably be too little, too late to reduce the cost of the bailout by much...
...results come at a time when the American public is reeling from a savings and loan crisis that the White House predicts will cost taxpayers $500 billion over the next 40 years. While no one expects a run of major bank failures, some experts fear that a U.S. economic downturn could push many overextended lenders toward the brink of collapse...
McGovern (D-Lawrence) called this provision unique, saying it ties the budget more closely to the state economy. The recent downturn in the economy has shrunk state tax collections, exacerbating a budget deficit...
Still, the main source of all this turbulence has been the advertising- indust ry slump -- attributed to soft markets in cigarettes and automobiles. The downturn has robbed the big consumer "books" of 3.5% of their ad pages in the first quarter of this year and underscored the glut of consumer magazines on the market. Even such industry stalwarts as Business Week, Newsweek, PEOPLE, SPORTS ILLUSTRATED, TIME and TV Guide have been affected, sharing in the ad-page losses for the first quarter, however healthy their circulations. (Circulation typically provides half of a magazine's revenues...
...investors, however. Fed up with rampant corruption and maddening excesses of bureaucracy, businessmen -- both foreign and local -- are thinking twice. According to a Nairobi-based U.S. official, there have been few major foreign investments in Kenya in the past decade. Instead, there has been significant disinvestment. An economic downturn will be especially painful, since business is already expanding too slowly to generate sufficient jobs for the population, which is multiplying by a phenomenal 3.7% a year, one of the highest rates in the world...