Word: slump
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Dates: during 1980-1989
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Last year offered a few random lucky breaks instead of any smart-money trends. Indeed, the hottest property on the N.Y.S.E. was Allied Products, a Chicago agricultural-equipment maker that bucked an industry slump by producing cultivating implements designed to help farmers cut energy costs. Republic Gypsum, a Dallas manufacturer of wallboard and asphalt roofing, thrived on the Sunbelt's homebuilding boom. California's Mattel bounced back from last year's worst-performers list by turning away from electronic games in favor of dolls like those in its deliriously successful Masters of the Universe line. Rollins Environmental Services, a Wilmington...
...trade gap greatly worsened what would otherwise have been a normal slowing after a period of rapid expansion. Such pauses for breath frequently aroused fears of a slump during the economic recoveries that occurred in the 1960s and '70s. Recalled Walter Heller, a University of Minnesota economist and the chief economic adviser to Presidents John Kennedy and Lyndon Johnson: "I remember Kennedy being terribly worried in 1962 that there would be a recession, and on the basis of very much the same kind of thing we are looking at here. We assured him that that would...
...subject seven years ago, after raising six children. Her re-entry came at the nadir for Latin in the U.S. In 1976 just over 150,000 American public high school students took the language, down a disastrous 79% from the 1962 peak of 702,000. "Latin went into a slump with the Sputnik era, with its concentration on science and technology," she recalls. And she says, "Then came the permissive age," the 1960s and early 1970s, when demands for so-called relevancy in course content pushed many schools to reduce or abandon classical studies and language instruction...
...They basically kept us out of the NIT last year," said Harvard's Keith Webster, who Saturday night broke out of a season long slump that had kept him on the bench at game's start...
Much is riding on what happens between now and Christmas, when the industry does 40% of its annual business. Companies had sluggish sales this summer, and several firms, including Gavilan and Franklin, went bankrupt during the slump. Retailers, especially, are counting on a robust holiday selling season. Says Dyson: "They're discounting like crazy just to stay alive." In San Francisco, the price of a Mac has dropped to $1,695, and PCjrs are going for $745, more than 40% off their original list price...