Word: plante
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Dates: during 1990-1999
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...want anything from the cities. I don't want anything from the states. I told Texas yesterday, "If it's good for Texas, do it for Texas, but don't do it for General Motors." The issue is us, inside: is that plant going to be competitive? They've got to be the best in the world...
...pace set in 1991, when companies sold a record $132 billion of corporate bonds as the Federal Reserve Board pushed down interest rates. While most such deals represented refinancings that will reduce corporate payments to investors, the latest sales could also be a harbinger of corporate investment in new plant and equipment later this year. "If interest rates remain relatively low, we should see a rebound in capital spending once the economic outlook brightens," says John Lonski, senior economist for Moody's Investors Service...
...weeks of small-business instruction and financing at MEP's partner bank, Shawmut. So far, Shawmut has provided $165,000 in loans for such ventures as a catering service, a photography studio and a billiard hall. James O'Neill, who lost his $55,000-a- year job as a plant manager in August 1990, launched a worker's compensation consulting firm based in Westfield. "There was a period of doubt," he recalls. "Money was only coming in in dribs and drabs." Now O'Neill has a client base of 70 firms and earns twice as much...
...gets more out of its people. Unlike the networks, where correspondents have to fight for airtime, CNN uses practically everything its reporters file. "There's a constant effort to maximize profit for labor expended," says Jerusalem bureau chief Charles Hoff. "It's like a meat-packing plant that uses every piece of the animal." (Among CNN's cooperative ventures is an agreement with TIME to share poll data...
...maybe not just any recession. General Motors, that synonym for American enterprise, sounds a massive retreat with unprecedented plant closings and layoffs. Is this a metaphor for the American economy, for American destiny? We are seized with a sudden fear: maybe the current recession is not just a cyclical downturn, which would make it tolerable, but the harbinger of long- term decline. Maybe the bill for the cold war (or the Decade of Greed or the wages of sin -- pick your poison) has come due, and we are now beginning our inexorable descent. Maybe this is not America...