Word: slump
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Still, there is no question that the slump in production and the rise in prices and joblessness are breeding dangerous discontent. In Czechoslovakia "almost half the population is dissatisfied and nonsupportive of economic reform," says Marek Boguszak, president of a Prague opinion-research firm. "The hardship is almost at the crucial point where it could turn to aggressive opposition to reform...
...Macy went on a wild shopping spree in the 1980s. But after bingeing on several ill-timed and richly priced acquisitions, including two department-store chains that cost $1.1 billion, the 134-year-old New York City retailer found itself deep in debt, mired in an industry-wide slump and unable to pay its bills. The day of reckoning arrived last week when Macy's was forced to file for bankruptcy after one of its major creditors rejected a proposed buyout by CBS chairman Lawrence Tisch...
...were bogged down in a economic slump as they prepared to campaign for re- election...
...Recession. A nonpartisan criticism of Clinton's tax program is that it might help the economy in the long run but would do nothing to jolt it out of the present slump. To do that, the Governor proposes a variety of measures: speeded-up spending on highway construction, new regulations that would prevent banks from foreclosing on homeowners or business people who can at least keep up interest payments on their loans. Generally, these ideas seem helpful but insufficient...
...economies are in a slump, and recovery is not in sight...