Word: overnights
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Dates: during 1980-1989
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...idea was a trademark Chrysler brainstorm. Since Japanese automakers were raising their prices in the U.S., why not fill the gap they were leaving with a domestic subcompact that would sell for less than $6,000? Practically overnight, the No. 3 automaker put together a bargain intended to give U.S. car buyers a pleasant form of sticker shock. The automaker slashed the price of its front-wheel-drive Plymouth Horizon and Dodge Omni by $710 and tossed in options worth $684 for free. Chrysler calculated that it could still make a profit, partly because it had long since paid...
...frenzy? And why now? The main reason is a hike in global automaking capacity that has already dramatically increased output around the world and will do so for several more years. South Korea is showing that a developing country can build an auto industry almost overnight and quickly crack the American market. Japan, the premier auto exporter of the '80s, is still fighting hard for U.S. market share and is rapidly building up its own American manufacturing capacity, largely in so-called transplant factories that depend heavily on imported Japanese parts. Meanwhile, American auto companies have entered into...
...dropped from 130 to about 75. A survey of 1,200 video stores conducted in January by the trade publication Video Store showed that 28% of the merchants were dueling with another store on the same block. The competition has forced down prices from an average $4.75 for an overnight rental two years ago to $2.40 today, and 99 cents specials are commonplace...
Hopper's name was taken off Hollywood's blacklist, and with studio financing, he went off to the jungles of Peru to make another visionary film, prophetically titled The Last Movie. Image rich but incoherent, it vanished almost overnight and so, as far as Hollywood was concerned, did Hopper, who went into a self-imposed exile in Mexico and Europe, where he acted in a few movies, and in Taos, N. Mex., where he had a house...
...Jones average of industrial stocks is taking sharper, swifter leaps and dives than ever before. Buy! Buy! Buy! Sell! Sell! Sell! The biggest stock boom on record is leading to manic levels of activity on the nation's exchanges. Win! Win! Win! Millions, even billions, are being pocketed almost overnight, in split-second transactions affecting the fate of some of America's most important corporations. Lose! Lose! Lose! At the same time, Wall Street is struggling to recover in the public eye from some of the worst insider-trading scandals in its history...