Word: skid
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Poison. Anthrax. Alice in Chains. Skid Row. The band names alone conjure images of mayhem, torture and death. Heavy-metal rock, with its raw lyrics, pummeling beats, banshee vocals and buzz-saw guitars, seems custom-made for leather-clad lowlifes with tattooed biceps and lobotomized brains. Teenagers love it. Always have. But during the early 1980s, when the insipid glam-rock of Duran Duran ruled the charts, heavy metal was the idiot in the basement, shunned by music-industry executives and dismissed by critics as adolescent noise...
...could halt a dizzying skid on Wall Street that began with the 1987 stock-market crash. Buoyed in part by mergers and new issues, investment bankers earned $900 million in the first half of 1991, compared with $540 million in the same period a year earlier. And after dismissing nearly 70,000 employees since 1987, or more than 20% of Wall Street's total work force, some firms have gingerly begun to hire again. Goldman, Sachs has added 44 new associates to work on mergers and other deals. The firm also opened a Frankfurt office for international deals. Declares Alain...
After doing time with Betamax on technology's skid row, the CD's first cousin is enjoying a sales boom...
...crunch followed a long skid, and the damage looks heavy. Battered by recession and increasingly stiff competition from Japanese rivals, General Motors lost $1.2 billion in the first quarter of 1991, while Ford lost $884 million, and Chrysler dropped $341 million. Total: an astonishing $2.4 billion, the largest three-month deficit in automotive history. Worse, the Big Three have accumulated $4.5 billion in red ink since last fall, when the gulf crisis shattered consumer confidence, and the companies seem certain to remain in the red for the rest...
Instead of going out with the brilliance that characterized his four-year Harvard career, James was relegated to the sidelines as the Crimson lost its seventh consecutive Ivy League game. The team's sudden Ivy skid wasn't supposed to happen, but neither was James's injury. And it is no coincidence that Harvard's demise took place while the senior co-captain was fighting injury...