Word: slowdowns
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Though borrowing by corporations has helped stimulate demand for money until now, bankers, businessmen and economists expect the looming business slowdown to allow rates to fall back slight ly. Says Milton Hudson, a senior vice president for Morgan Guaranty Trust Co.: "These current rates are going to hurt economic activity as well as pinch the demand for credit. We are expecting no real growth at all during the first quarter of 1981, and it will be a close call as to whether or not the economy will actually decline...
Boston's venerable Malben's, which stocks more than 5,000 items, including 70 or so different cheeses and eight brands of fresh coffee beans, reports annual sales gains of 15% to 20% with no signs of a slowdown. In New York City, the Todaro Bros, specialty shop for imported pasta, meat and cheese has just doubled in size. Lenox Square, one of Atlanta's tonier shopping centers, has just added a whole corridor of gourmet stores like The Best of Europe, which is run by a Czechoslovakian couple and features ten kinds of sausages, as well...
Shopping center slowdown...
...longer. This year, only about nine major regional centers are expected to open, compared with more than 20 in 1978. Says Albert Sussman, executive vice president of the International Council of Shopping Centers: "There has been a real slowdown. We have been running out of markets for development of new centers...
...with the teachers continuing their "work to rule" slowdown and marching in informational pickets outside the school, tension has been mounting for more than a week...