Word: robustly
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Dates: during 1980-1989
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...currently worried about agricultural loans. Farmers are hurting because of falling crop prices and land values. In September the seemingly robust First Chicago ($40.5 billion) stunned investors by projecting a nearly $72 million third-quarter loss, blaming it partly on defaulted farm loans. "We're supposed to be having an economic recovery," says Reed Hoffman, president of Dickinson County Bank ($7.5 million) in Enterprise, Kans. "But it hasn't hit this part of the country. If things continue the way they are, we'll see more farm bankruptcies, more nonperforming loans and more bank closings...
Much is riding on what happens between now and Christmas, when the industry does 40% of its annual business. Companies had sluggish sales this summer, and several firms, including Gavilan and Franklin, went bankrupt during the slump. Retailers, especially, are counting on a robust holiday selling season. Says Dyson: "They're discounting like crazy just to stay alive." In San Francisco, the price of a Mac has dropped to $1,695, and PCjrs are going for $745, more than 40% off their original list price...
...Oval Office may be the headiest place in America. When the President, sitting in his desk chair at the southern tip of the oval, stares dead ahead to the far wall, he sees The Plant. Anywhere else it would be a robust but unremarkable Swedish ivy. But there on the marble mantelpiece, day after consequential day, it basks in the power and the glory. No matter who has been inaugurated since 1961, The Plant has always stayed...
...prevent a new price explosion, the South Korean government tightened the money supply and held public spending in 1984 to its 1983 levels. That turned out to be the right touch of restraint. Growth has cooled, but it is still a robust 7.8%. Meanwhile, inflation has stayed below...
Government officials dismissed that gloomy talk. Said Federal Reserve Board Governor Henry Wallich: "I wouldn't take a month or two as an indication of where we're going." Assistant Treasury Secretary Manuel Johnson pointed out that corporate profits are robust, personal income is rising and inflation is moderate. Said he: "I expect the drop in production to be a temporary phenomenon...