Word: lenders
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Dates: during 1990-1999
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...systems, mainly from blue-chip makers like IBM and Apple. But as Businessland's fortunes rose, so did those of mail-order boutiques and aggressive superstores offering deep discounts. Meanwhile, Businessland stumbled by launching price wars while ignoring rising inventory and changes in customer needs. The company's key lender, ITT Commercial Credit, has announced that it will jump ship by the end of June. Now Businessland must persuade remaining lenders to extend its loan payments. Observes computer industry analyst Douglas Kass: "The coffin is lying out there waiting for the last nail...
...stock market the practice of "shorting" involves borrowing shares of publicly traded companies in the hope that the price will go down before the stocks must be bought on the market and returned to the lender. The Feshbach brothers of Palo Alto, Calif. - Kurt, Joseph and Matthew - have become the leading short sellers in the U.S., with more than $500 million under management. The Feshbachs command a staff of about 60 employees and claim to have earned better returns than the Dow Jones industrial average for most of the 1980s. And, they say, they owe it all to the teachings...
...else. As the loans flooded in, Trump the builder became Trump the financial playboy. Says a former top aide: "He overpaid for almost everything -- the Shuttle, the Taj, the Castle. But I'll say this for him, he fleeced the banks. He got them into a terrible position on lender liability...
...fact that most of the food on Deli Day is prefaced by the term "real" says a lot about what we normally eat. "Real" bagels remain round and slightly misshapen because they aren't kept in plastic bags and mass-processed at the Lender's factory. "Real" rye bread is sort of oblong, not square. "Real" cheesecake is a shade of yellow between lemon squares and the Hollandaise they try to serve with brocolli spears...
...countries that had been bitter rivals for centuries marched toward economic partnership in 1992. Eastern Europe, mired for decades in communist stagnation, threw off its shackles and rushed to join the capitalist world. In Asia, a proud Japan stood as the world's new financial superpower and the chief lender to the rest of the globe...