Word: expanding
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Dates: during 1980-1989
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...hover around 17%, and many simply cannot afford to take out another loan. American farmers were $200 billion in debt this spring, which is more than twice as much red ink as in 1975. Younger farmers, as well as farmers who borrowed heavily over the past decade to expand their operations, have been especially hard hit by high rates. Farmlands, which once served as attractive loan collateral, are falling in value, and thus many commercial banks no longer view farmers as worthy risks. In the past ten years, commercial bank participation in farm debt has dropped from...
...Crosse, Wis. The company jumped from 15th to fourth in the industry during the past decade by buying up old regional brands like Grain Belt, Rainier and Black Label, and running them more efficiently than had their previous owners. So far, the brewer's attempt to expand nationally by taking over Pabst has been stymied by the Milwaukee firm's defensive maneuvers to fend off acquisition. Moreover, the Justice Department has threatened antitrust action against the takeover because both Heileman and Pabst already have sizable shares of the Midwest beer market...
Turner fared only slightly better using standard UHF programming: cheaply acquired reruns, repackaged old movies, sports. Then he had a moment of inspiration: Why not expand his station's audience many fold, and thus make it far more appealing to advertisers, by beaming its signal via satellite to cable-TV systems around the country, in effect creating another network? The start-up would be costly and risky; cable operators might take the programming, but they would probably not pay for it, and advertisers were at best dubious that Turner could actually deliver a measurable increase in viewership. Moreover...
...already on the way. Responding to the recommendations of a White House task force, the U.S. Department of Health and Human Services intervened. In addition to promising to pay off Meharry's $29 million construction loan for Hubbard Hospital, HHS pointedly instructed the U.S. Veterans Administration to expand an affiliation between at least one of the large VA medical centers in the Nashville area and Meharry. Said HHS Secretary Richard Schweiker, in explaining his department's intervention: "Many of Meharry's students have come from disadvantaged economic backgrounds. Its graduates have established a strong record of practicing...
...these experimental boutiques are successful, Sears is expected to expand the new business to the rest of its 851 retail stores and some 25 million credit-card customers. Admits Joyce Healy, a senior vice president at Manufacturers Hanover Trust, one of New York's largest banks: "Sears will be a very formidable competitor...