Word: effects
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Dates: during 1990-1999
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Griffith makes the sealant rubber that Daimler-Benz, Volvo, Mack Trucks and other truckmakers use around windshields and under hoods. Laney sees a domino effect: if U.S. companies can't ship their products to Asia, Brazil, Russia or other places in economic turmoil, they won't need trucks to get their products to port. That's why Laney is scaling back, even though orders for new trucks increased in 1998. "We're not spending money on new equipment," he says. And after two years in which Griffith built two new plants and invested some $3.5 million in new manufacturing capacity...
...mood might have best been described as resolute, reflecting a determination to make the best of what most of the attendees regard as a fast-approaching worldwide recession. A survey of 75 of the council's 300 CEOs showed that 95% expected the global downturn to have some negative effect on their earnings. More telling, 64% were planning cost-cutting measures that included less hiring, and 57% expected to reduce capital spending significantly. Yet there was a buoyant sense that the U.S. would ride it out. "I don't think the economy is capable of having a deep downturn...
...effect, the company is in the process of auctioning its surviving jobs to the highest bidders in the communities where it does business. Here's how it works: during the summer of 1997, GM let it be known that it was considering a $355 million expansion of an assembly plant in Moraine, Ohio, to build sport-utility vehicles. The decision would hinge on the size of tax breaks granted by the city government. After all, two other cities with GM truck plants--Shreveport, La., and Linden, N.J.--were vying for the new facility. At least that is what GM officials...
...difficulty attracting a sufficient number of workers for part-time work, much of which is on the night shift. College students--the traditional source of night-shift workers for UPS--were not responding to the $8.50 an hour wage it offered, even with benefits. So the state will, in effect, create more college students...
...herbal-product makers devised a plan to bring more kava to American shores and shelves. Using aggressive ad campaigns, they quickly raised the profile of the root. When word began circulating that kava might have the power to calm--and when ABC ran a story to that effect--the herb found a ready market. Says Mark Blumenthal, executive director of the American Botanical Council: "There are an increasing number of people interested in the idea that natural is better...