Word: shrunk
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Dates: during 1980-1989
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...catches are forcing him and his fellow fishermen out of business. As Tilghman Islander William Roulette points out, "We all must work part-time ashore." The Chesapeake fleet of skipjacks, sail-driven oyster dredges, has dropped from more than 100 boats to 30; the number of working watermen has shrunk from 7,500 in the '50s to about...
Other entrepreneurs thrive on challenges that can daunt larger firms. Few industries have shrunk more in recent years than American shoe manufacturing, which has seen imports walk off with much of its business. Yet the Timberland shoe company (1983 sales: $60 million), based in the rural hamlet of Newmarket, N.H., has weathered the foreign onslaught and added 900 workers over the past five years. "We benefited from the lack of imagination of some of the other old shoe companies around here," says Herman Swartz, president of the family-owned concern. Fully one-quarter of Timberland's sales have come...
Like many mainline Protestant groups, the Presbyterians are rich ($1.2 bil lion in contributions last year) but have been suffering from a slippage in membership. Since 1968, the rolls have shrunk by 1 million, with a decrease of 35,000 last year. The 278-year-old U.S. church is troubled by hostility between Evangelicals and social activists in matters as diverse as theology, foreign missions and ecumenism. For 122 years, the Southern and Northern wings of the church were separate entities. Last year they reunited, and Andrews and Thompson have served as Co-Stated Clerks on an interim basis. Says...
...inefficient plants, and stunted by management that sometimes seems to have just given up on the industry. Employment has plunged from a postwar high of 620,000 in 1953 to about 250,000 last year; half of that loss has come since 1970. Use of American steelmaking capacity has shrunk from...
Cutting city operating budgets will be a major problem, most of the mayors said. "Our population has shrunk dramatically so tax revenues have dropped in the past years," Sharp said. "We're just going to have to spend a lot of time figuring where we can draw the line," he added...