Word: slump
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...economists debated whether the figures foreshadowed merely sluggish growth or a genuine recession. Bullish investors initially set off a rally Friday on the assumption that inflation might no longer be a danger and the Federal Reserve Board would soon allow interest rates to fall. But fear of a slump took hold later in the day, sending the Dow Jones Industrial Average to 2381.96 at the closing bell, down 2.94 points for the day and 36.84 for the week...
Even after ten years and three election victories, Margaret Thatcher is not a beloved or even an especially liked figure in Britain. She never has been. And yet -- despite a midterm slump in the polls -- she would probably win a fourth election tomorrow, and will probably win one two or three years from now. "Although a populist," writes Young, Thatcher is "the ultimate argument against the contention that a political leader needs, in her person, to be popular." There are many explanations for Thatcher's successful unpopularity that are specific to Britain: the parliamentary system, the weakness of the opposition...
...NOTEBOOK: Griffith was named Ivy Player of the Week for his five-goal outburst against Pennsylvania last Saturday. The senior midfielder credits Brad Raymond's advice--focus on the net, not on the goalie--in breaking his shooting slump...Not to be outdone, Crimson netminder Chris Miller, who made 13 saves in the 13-9 Penn win, was named Ivy Rookie of the Week...
...Crimson arrived from their Arizona "vacation" in style. With senior midfielder Rob Griffith breaking out of a shooting slump with a five-goal explosion and Brad Raymond adding his second hat trick of the season, Harvard (4-1,1-1 Ivy) silenced the Quakers at Ohiri Field...
Investors had barely settled into their chairs at the annual meeting in London of Saatchi & Saatchi, the world's largest advertising agency, when Chairman Maurice Saatchi unloaded his uncomfortable secret. The firm's profits, he said, will slump during 1989 for the first time since the agency was founded 19 years ago. Said he: "It's going to be a tough year." Stunned by the abrupt reversal at the juggernaut company, analysts slashed their predictions of its 1989 profits from $280 million to about $165 million. The company's stock plunged, falling more than...