Word: slump
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...Engineers broke out of a slump for a second-straight win over the Catamounts, 5-4, Saturday night in Troy...
Welcome to the upside-down '90s. Not since collapsing oil prices sent Texas and the rest of the Southwest into a slump nearly a decade ago has the U.S. witnessed such a stunning reversal of regional fortunes. The new winners include Midwestern farmers and Rustbelt manufacturers whose prosaic products, from corn to machine tools, are in hot demand around the world. Among the losers are Wall Street investment bankers, whose earnings have plunged with the waning of the buyout binge, and defense contractors across the country, who can expect new cutbacks as the cold war ends...
...contrast, Phoenix is mired in a real estate depression in the wake of a heedless building spree. Lenders foreclosed on more than 15,000 residential mortgages last year, up nearly 20% from 1988. In the Rocky Mountain area the Denver economy is still struggling to recover from the energy slump...
Weld, the first Republican to be elected governor in 20 years, takes over a state battered by the slump in its high-tech industries and bruised by amounting budget crunch that lawmakers have beenpowerless to resolve...
...industry more competitive by forcing bloated companies to slim down and shape up. Yet the towering debt loads piled up during the raider era -- by both the attackers and the managers seeking to repel them -- have made many companies less flexible and far more vulnerable to an economic slump. While the merger- / and-acquisition game will no doubt carry on in the 1990s, such deals are apt to be less grandiose and more carefully wrought than the quick-buck transactions that are currently coming to grief. Says J. Ira Harris, a Chicago-based senior partner of Lazard Freres: "These...