Word: slump
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Dates: during 1980-1989
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...lawyer, Reuven Katz, shiny with sweat beside him, who could only natter on about the fine print of clause F. Katz had fought for several days for language that would allow Rose to stand before the microphones and speak about his banishment as if it were a slump he would soon pull...
...significant negative shock to the economy, high debt levels could lead to a succession of bankruptcies, causing a crisis of confidence." Johnson estimated that roughly 40% of all leveraged deals are in cyclical industries that are "more likely to run into trouble in the event of a severe slump...
...spectacular failure of some billion-dollar LBOS dramatizes the problems that could befall a number of overextended companies in the event of a slump. -- After a 2 1/2-year undercover probe, the Justice Department indicts 46 Chicago commodities traders on charges ranging from fraud to racketeering. -- A shortsighted proposal to cut capital-gains taxes gathers momentum...
...than in healthy times. Honda, Toyota, Nissan and Mazda posted higher sales and gains in U.S. market share in the first half of 1989, largely at the expense of European imports, Chrysler and GM. Of the Big Three, only Ford managed to raise its market share, because its sales slump has been smaller than that of its rivals...
...words sounded like those of a business leader lecturing the U.S. central bank about the dangers of letting the economy slump too far: "It is prudent for the Federal Reserve to recognize the risk that such softness ((in the economy)) conceivably could accumulate and deepen, resulting in a substantial downturn in activity." Yet the statement came from Fed Chairman Alan Greenspan, who went public with a surprisingly frank assessment last week that, at least for the moment, a recession has replaced inflation as the leading threat to the U.S. economy. In his midyear report to Congress, Greenspan confirmed that since...