Word: junkyards
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Dates: during 1990-1999
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...drivers who started last week's prestigious annual auto race, only 12 finished. Along the way, slick tires, miserable cold and over-powered engines induced 10 heart-stopping crashes that sent 13 drivers to the hospital and 13 of the $500,000 race cars to the junkyard. But winner Al Unser Jr., 30, whose .043-second margin was the tightest win in Indy history, insists car speed has not outpaced car safety. Says he: "Safety technology is doing great right now." The win was worth $1.2 million for Unser...
DICK GEPHARDT (+1) Could deliver Missouri and add junkyard-dog intensity to Clinton's soft-focus charm. Drawbacks: the eye-brow gap (look closely) and his Japan-bashing protectionism...
...turn toward a prudent frame of mind may have begun with the stock market crash of 1987, which served as an early-warning system for the harsher realities that followed. Tycoons were brought low, and speculative bubbles were burst in everything from real estate to artworks. A junkyard of bad debt and bankruptcies stretched to the horizon. The gulf war heightened the crisis atmosphere and further trivialized the pursuit of the latest fashions in consumer products. There was a faint echo of the '40s: "Don't you know there's a war on, buddy?" While some questioned the battle...
...slump is leaving a junkyard of bankrupt companies in businesses ranging from retailing to innkeeping. Last week Eastern Air Lines, which has struggled in bankruptcy since March 1989, closed down after 62 years of flying. The carrier, which has 18,000 employees, was forced to halt operations because of a cash shortage and lack of any buyers. Since December, Continental and Pan Am have filed for Chapter 11 protection...