Word: rapid
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...Maryland's full-blown panic started with trouble at just one institution. The run began when press reports revealed that Old Court's president and part owner, Jeffrey Levitt, had stepped down under pressure from the insurance fund, which was worried about the thrift's sloppy management and overly rapid growth. In three years, Levitt had pushed the thrift from $140 million in assets to $873 million. Old Court made that leap with risky real estate deals and flashy Government securities trades, but faltered when some of those ventures fell through...
...sales of $38.8 billion. After launching the Montgomery Ward reorganization, Brennan left to run Household Merchandising, the company that embraces T.G.&Y. and Ben Franklin variety stores. The president's job at Montgomery Ward opened up in January, when Pistner resigned to become senior vice president of the Rapid- American retail empire...
...Rapid reversals in public temperament may be a social reality, but they are not to everyone's taste. Julia Child speaks for many when she says, "A glass of wine is part of civilized life. But we're inclined in this country to go overboard on everything. I believe in moderation in all things." Whether with a small glass of water, wine or something harder, the proposition deserves a hearty toast...
Sales of both hardware and software will undoubtedly go on growing, and the industry is expecting a rapid recovery in 1985, but the ranks of the competitors are likely to keep dwindling. History shows that many new industries go through an exuberant expansion phase followed by a shakeout. In the early 1920s, there were at least 300 automobile companies in the U.S., but by 1960 the industry had consolidated into four big firms. If that pattern repeats in computers, only the savviest of the industry's current whiz kids will survive...
...bitterly unpopular with many of their constituents. To mollify them, the Republicans felt they had to make the Pentagon share in the sacrifice. All those tales of military extravagance, of $400 hammers and $600 toilet seats, had taken a toll. A / feeling had grown too that after years of rapid increases in military spending under Reagan, U.S. fighting strength had been adequately rebuilt...