Word: sluggishness
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...without cost. VCRs with digital features sell for $700 to $1,400, up to $1,000 more than conventional models. Digital TVs run from $1,500 to $3,000, in contrast to $1,800 for a top-of-the-line nondigital set. Given these prices, sales have been understandably sluggish. Digital VCRs will account for less than 3% of the 15 million videocassette recorders sold this year, and the high-tech TVs are not expected to fare much better. Observes David Lachenbruch, editorial director of TV Digest: "Consumers are not prepared to pay twice as much for one set with...
...same can be said over a lot of tables in America's Farmbelt. After enduring five years of sluggish income, rising bank foreclosures and surging rates of divorce and suicide, the U.S. farmer seems to be struggling to his feet, with a big assist from Uncle Sam. Farm income has increased at least 12% in 1987, to a projected $42 billion. Meanwhile, the amount of debt that farmers owe has dropped an estimated 10%, to $158 billion. Even agricultural exports, which have been too low in recent years to help the U.S. trade deficit much, are improving. Spurred...
...survey of 35 economists last week predicted that the economy will expand at a humdrum 2.8% annual rate during the last half of 1987 and a sluggish 1.4% in the first half of 1988. While that is a definite slowdown, it is not quite a dead halt. A few economists, however, predict a recession. Among them is Irwin Kellner, chief economist for Manufacturers Hanover, the New York City banking company, who thinks the U.S. economy will shrink by 2% in the first half of 1988 before quickly recovering...
...already intended to buy a car * and went ahead with those plans in spite of Black Monday. Many car dealers now say business is slowing by as much as 30%. Major retailers, who released October sales figures last week, mostly say business has proceeded at the same sluggish pace they were experiencing before the crash. Sears, for example, reported that October sales were up 1% from the same month in 1986, an increase that did not keep pace with the current 5% rate of inflation. Last week the Labor Department reported that the unemployment rate during October inched upward...
...were sluggish," junior back Louis Lyons said. "We were misplaying balls, not making sharp passes...