Word: slump
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Dates: during 1970-1979
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...networks' ad revenues, and task forces of salesmen, notably from ABC, have been eagerly scouting for other advertisers to fill the gap. Their major targets: national retail chains, credit card companies, insurance companies, brokerage houses and all big firms involved in the travel business. Because of the economic slump, it is unlikely that the hole left by cigarette ads will be quickly plugged...
...sophomore slump at Yale-"the deans were calling me in and giving me a hard time"-was his low point...
...wants nothing so much as to be left alone to enjoy his material comforts. He defines the good life as owning his own home, two cars, a small boat and a color television set and enjoying the ultimate privilege of sending his children to college. Barring a serious economic slump, most families in South Milwaukee expect to reach these goals, though the effort to do so means that well over half of the wives must hold full-time jobs...
...contrast, the mostly white construction industry is in a deep slump, outside of a few cities. Unemployment among hardhats in September reached 13.8%, the highest since 1963. White-collar workers constitute another group no longer immune to layoffs. Though the unemployment rate among them is only 2.8%, the number of jobless white-collar workers has jumped in the past year from 932,000 to 1,258,000. Unemployment has also been rising fast among workers in farming, lumber, machinery, and-even before the strike -the auto industry...
...soaring claims. Last year the industry lost $660 million on auto insurance alone, and over the past decade it has paid out $2 billion more in claims than it has collected in premiums. Profits from investments have kept most insurance companies in the black, but the recent stock market slump has squeezed that source of income...