Word: slowdown
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Dates: during 1980-1989
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...calls this "classic overspeculation," yet he is not bearish about the overall market trend. He foresees some degree of correc ion, but not the 10% to 15% anticipated by many of his Wall Street colleagues. He still strongly favors blue-chip companies that will benefit most from a slowdown in inflation: IBM, GE, American Bell and 3M. Lower oil prices and interest rates, he says, could keep the bulls going. Biggs last week, using Churchill's famous quote, said the bull market had not reached the "beginning of the end" but the "end of the beginning...
Leonard's "Tale of Two Bridges" exemplifies a growing national problem which participants traced to three different factors. Knowlton added First, he said, the shift of responsibility from the federal to the state and local levels has caused a slowdown in the repair process...
...Nigeria, the slowdown in oil revenues has shaken the government of President Shehu Shagari. Imports have been cut in half since 1981, and food prices have risen 25% in the past year alone. To ease unemployment, the government in January abruptly expelled more than 1 million illegal foreigners who had come to Nigeria from neighboring countries. Up for re-election in August, Shagari is determined to boost oil sales, even if it means getting into a price war with other producers...
English teaching assistants (T. A. 's) staged a massive work slowdown at the University of Virginia last week to protest low wages. The T. A. 's who earn $3400 a year, are refusing to work more than the 10-hours a week the university pass them...
Hyster (1982 estimated sales: $415 million) had spectacular growth in the 1970s before its business began to fall off. Like those of other heavy equipment makers, its profits have been shrinking because of Japanese competition and the slowdown in capital spending. Last year company officials decided that they had to cut capacity and modernize their aging factories. After winning $60 million in grants and tax abatements from the Irish government to open a plant in County Dublin, they decided to try some arm-twisting Stateside. Shunning pretense, Hyster applied for grants from five states where it already operates plants...