Word: ratajczak
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...lingering gloom reflects woes that have been building for years and will take years to dispel. "The restructuring of corporations, heavy debt loads and the perceived lack of leadership have been bothering the consumer, and a lot of this hasn't changed much yet," says Donald Ratajczak, an economist at Georgia State. Forecasters thus predict an anemic 1.5% growth rate for 1992, far below the robust 5.5% average for the first year of past turnarounds. Such sluggishness would scarcely reduce unemployment, which stands at 7.3% and could climb even higher as the Pentagon demobilizes the armed forces and slashes military...
...into that foreign business. Moreover, newly cautious Japanese companies seem reluctant to continue making job-creating investments in U.S. factories and real estate, and have already begun to withdraw from the Treasury markets that finance the U.S. deficit. "No more Japanese investors are coming in," observes Georgia State's Ratajczak, "and that's a problem...
While deficit cutting is good long-term policy, the immediate effect is likely to be more pain. "We are raising taxes in the teeth of a recession," Ratajczak noted. "I am not sure that many people would call that a useful idea." Added Fosler: "The budget agreement was very much like spraying shrapnel. It was sort of an AK-47, as opposed to a target rifle, in terms of its impact on the economy. Lots of sectors are going to be paying higher fees and costs for public services...
...total number of U.S. mergers and acquisitions plunged 14% last year, to 3,412 deals, and is now declining at a brisker rate. Only 165 transactions were completed last month, down 56% from January 1989. "The big-fee merger and acquisition game is pretty much over," says Donald Ratajczak, director of the Economic Forecasting Center at Georgia State University. "There are still going to be deals, but nothing like...
Volcker also played a key role in containing the international debt crisis last August. "Aside from saving international banking, I can't think of anything he's done," quips Economist Donald Ratajczak of Georgia State University. By easing up on the U.S. money supply, Volcker ensured that cash would be available for loans to troubled borrowers like Mexico, which was near default. Moreover, Volcker was the leader in arranging a $5 billion rescue package that kept Mexico financially afloat...