Word: slump
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Dates: during 1980-1989
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Some of the credit for braking the dramatic slump probably goes to the Federal Reserve Board. On Thursday, it announced a cut in the discount rate that it charges on loans to member banks, from 6.5% to 6%. Several major U.S. banks then lowered the prime rate that they charge preferred corporate customers, from 8.5% to 8%. The Fed's action was the third such cut this year, evidently designed to pump more oomph back into the sagging U.S. economy. Word that the rate cut was coming may have curbed investor nervousness. On the other hand, if the announcement...
Each person is a likely candidate to be dropped from the team, for reasons ranging from the player's age to a recent slump. During the performance, which spans "The Kid's" pitching debut, the actors constantly banter back and forth about which one will be cut. Through the funny repartee, that ranges from self-criticism to denigration, the Los Angeles-based playwright raises his characters from stereotypes to more complex figures...
...Mount Rainier, Boeing's corporate headquarters faces a railroad track and an airstrip in a grimy industrial zone. A down-to-earth Missourian, Wilson, 65, has been known to drop in on the machinists' annual Christmas party with one of his wife's pecan pies. During the airline-industry slump in the early 1970s, however, he did not hesitate to lay off nearly two-thirds of the company's 148,000 workers...
...many of their kind were blindly optimistic, the market could set itself up for a big fall. "There is widespread disbelief, and that's the sign of the best kind of advance," says Newton Zinder, E.F. Hutton's senior market analyst. In fact, the recent one- month slump, triggered in part by a brief upsurge in oil prices, makes investors feel better because they have it out of the way, like a dose of castor oil. Says Donald De Lutis, a money manager at San Francisco's Robert C. Brown investment firm: "I think 5% to 10% corrections are part...
...signifigant decline in the percentage of minorities who accepted Harvard's offer of a slot in the Class of 1990 has helped fuel a slump in Harvard's overall admissions yield rate, admissions officers said yesterday...