Word: millions
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Dates: during 1980-1989
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...this, Regan and five others were charged with racketeering and effectively put out of business even before the trial began. Last week he was sentenced to six months in prison and fined $325,000, on top of more than $5 million in legal fees he'd incurred...
...equally critical problem: the growing shortage of priests. By the latest count, at least 1,000 of the 22,733 U.S. parishes have no resident clergy. The future looks even bleaker. The number of priests (now 53,522) is certain to decline as the population of Catholics (54 million) increases. By the year 2000, experts estimate, there will be only half as many active priests as there were in 1965, when there were only 46 million parishioners...
Cable-industry observers are skeptical about whether two all-comedy networks can survive, given the limited channel capacity on most cable systems. As "basic cable" services, they will get their income primarily from advertising and will need to reach 25 million to 30 million homes to be financially viable. Comedy Channel executives report that they have signed up cable systems serving 11 million homes, though only about 6 million will be on board at start-up time. HA!, which has just begun marketing, says it has preliminary commitments for 2 million homes...
...conclusion: the next 15 months will bring a bloody battle for sales in a slumping U.S. auto market. With 30 car companies and an unprecedented 600 models on the scene, and with ten Japanese "transplant" factories in North America expected to help create an excess carmaking capacity of 2.7 million autos by 1991, the marketplace is certain to be littered with casualties. A leading indicator of the struggle was the dismal performance of Detroit's Big Three during the July-September quarter, in which they all lost money on their North American operations and posted a 27.5% decline in total...
...Three have been sideswiped from two directions. As the ! transplants tool up for greater output, total U.S. auto sales are declining, in part because of a slowing economy. Sales of imported and domestic autos in the U.S. fell 3.8% during the first nine months of this year, to 7.8 million cars. This year the Big Three kept sales artificially stimulated by such incentives as interest-free financing and rebates of as much...