Word: skid
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Dates: during 1980-1989
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...dispute over X-car brakes began in November 1979, when the National Highway Traffic Safety Administration began an investigation after complaints that when the brakes were applied even moderately, the rear wheels tended to lock and throw the car into a skid. After much prodding, GM announced a recall of 47,371 X-cars some 20 months later. But it did not repair the brake defect successfully. Last January N.H.T.S.A. declared that about 320,000 of the cars were unsafe. In February 1983, GM ordered a second recall of 240,000 cars. N.H.T.S.A. still considered the action inadequate. The Government...
...riches have been growing increasingly edgy about their borrower, and the chance of a big drop in oil prices has done nothing to soothe their nerves. For the past month the lenders have been putting the final touches on a rescheduling agreement designed to halt the financial skid that Mexico has been in since late summer, when the country nationalized its banks after devaluing the peso for the second time in less than a year. U.S. private lenders alone have some $25 billion at risk in Mexico, a sum that puts that nation, along with Brazil...
...result of the two-wheeled skid: H-D's work force has been chopped 40%. The company has asked the International Trade Commission for an average tariff of 40% on Japanese bikes for five years. That, contends HD, would narrow the price gap between Harleys and Japanese bikes to what it was in 1977 before the Japanese began holding down prices. A favorable ITC ruling would not give Harley an open road. President Reagan, a foe of import controls, must decide what relief, if any, Harley gets...
...harm but a prolonged one may be devastating. Observes David Healy of Drexel Burnham Lambert: "I don't think the strike threatens Chrysler's survival. It is beginning as a nuisance, but it could be severely disruptive if it continues." The financially fragile company can survive a skid, in other words, if not a total spin...
...meet nice boys when you live on Skid Row," laments the heroine in Little Shop of Horrors, the cheery, off-Broadway hit now playing in New York City. You don't meet nice plants either. The star of the show is a wonderfully animated blob of garden life named Audrey II that takes a carnivorous delight in human blood. The description once fit Roger Corman, 56, too. But that was in the days when he ran American International Pictures, producing such classics as Not of This Earth, A Bucket of Blood and a little-known 1960 pastiche shot...