Word: northland
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Dates: during 1980-1989
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...price tags on 1.5 billion pieces of merchandise, Sears recruited a temporary army of retirees and high school students. Together with regular Sears employees, the price changers wielded 29,000 label guns. Said Chris Skinner, a high school freshman who worked at the Sears outlet in Columbus' Northland Mall: "The worst was the screwdrivers. You had to take them all down, clean each one by hand, then put them all back...
Early this past week, my favorite newspaper called me up and asked me to reflect on my trip to the Northland. With some trepidation, I talked about my "growth" since then and told my side of the story...
...answer from the Northland is, "Yes, but don't take it personally--you didn't know any better...
Mercantile's troubles follow the failure of two institutions in the oil- rich western province of Alberta: Calgary-based Northland Bank and Edmonton- based Canadian Commercial Bank. Incorporated in the 1970s, the two banks lent millions of dollars to oil and real estate businesses. Then in the early 1980s many of the banks' loans turned sour. Together the two banks controlled only about 1% of all Canadian bank assets, so the fallout from their failures was limited. But investors are anxious about the safety of smaller banks...