Word: falloff
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Dates: during 1980-1989
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Opponents are well-organized and vigorous. FUEL, which represents 800 diverse associations, last month launched a congressional letter-writing campaign to head off the tax increase before it gains momentum. Participants ranged from the American Ski Federation, which fears a falloff in resort business if Americans drive less, to the National Association of Manufacturers and the National Urban League...
...strike grows longer, it poses a financial threat to local TV stations and networks. If it continues through the May "sweeps" period, when the fall advertising rates are determined, analysts estimate the three major networks could suffer a revenue falloff of as much as $100 million, particularly if they attract fewer viewers and are forced to offer advertisers compensatory commercial time...
...falloff in federal support could be especially devastating to the many farmers who are overextended. While most farmers are gradually digging out from under their obligations, economists estimate that more than 20% of farms remain dangerously deep in debt. "Despite a good year, they are still financially vulnerable," says Michael Boehlje, an agricultural economist at the University of Minnesota. It could take several years of happy Thanksgivings before American farmers feel confident that their rough times are behind them for good...
...figure bonuses. The economic ripple effects will be felt most strongly on the Eastern Seaboard, especially in New York City, where sales of luxury cars, expensive homes, jewelry and other trappings of Wall Street success are already starting to suffer. The city could also be hurt by a falloff in tax revenue from the financial industry, which last year amounted to $150 million, or 12% of the tax base. Anticipating a drop, Mayor Edward Koch last week put a freeze on plans to hire 5,200 new workers, including 1,948 police officers...
...world trade. From 1980 to 1984, Canada's exports surged from $67.7 billion to $90.3 billion, fueled largely by sales to the U.S. of such products as softwood lumber, newsprint, autos and trucks. By 1986, however, exports had slipped to $89.7 billion, partly as a result of a falloff in Canada's revenues from oil sales. Canada had an $11 billion trade surplus with the U.S. last year, but a $5 billion deficit with the rest of the world...