Word: slump
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...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...
...tournament, he proclaimed to a press assembly, "If a man had walked up to me and bet I couldn't break 76, I wouldn't have taken a quarter of the bet. And I'm a gambling man." As the New York Yankees began the baseball year in a slump, owner George Steinbrenner pledged that manager Dallas Green would last the entire season. As he put it, "If you want to go out and make a bet . . ." Given Steinbrenner's way with managers, cordons of nuns might have burst from cloisters to cover that one. Once, a U.S. Secretary...