Word: slowdown
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Dates: during 1980-1989
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...beginning of this year, though, Herscu found himself in serious trouble. Hit by rising interest rates in Australia and declining retail sales in the U.S., the 61-year-old empire builder did not have enough cash to weather the slowdown. By August, Hooker's U.S. subsidiary filed for bankruptcy, and Herscu resigned as chief executive...
...matchup of two run-and-gun teams, the Harvard men's basketball team survived a game-long slowdown by Brandeis to register a 52-46 victory in its home opener last night at Briggs Cage...
...slowdown of the local economy means that the city can no longer depend upon continued increased in state aid and increased tax levy limits due to new construction, two factors that contributed greatly to the financial strength of the 1980's," City Manager Robert W. Healy wrote in a report delivered to council last week...
...their long stampede, the bulls have managed at least temporarily to overcome their fears about the U.S. budget and trade deficits. Despite a dramatic slowdown in growth, they have been looking on the economy's bright side. "Investors now believe the Federal Reserve Board can deliver a 'soft landing' of subdued inflation by year-end, without a recession," says Byron Wien, chief domestic strategist for the investment firm Morgan Stanley, who since May has been predicting a new all-time high on the Dow. Elaine Garzarelli, a portfolio manager at Shearson Lehman Hutton, who was one of the few forecasters...
Government reports last week revealed new signs of economic weakness, prompting worries that the current slowdown could turn into a full-fledged recession. Although the Labor Department said on Friday that the U.S. unemployment rate dipped slightly, from 5.3% in June to 5.2% in July, the Government's Index of Leading Economic Indicators, its chief forecasting gauge, showed its fourth drop in five months. Another closely watched barometer, which measures new orders and inventory by the nation's corporate purchasing agents, fell to a six-year...