Word: slumping
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Dates: during 1980-1989
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...current precarious financial balance that exists in many states could be upset by a new wave of tax revolts or an economic slump caused by the huge long-term federal deficits. For now, however, the good news has raised spirits. "The national economy will lift all boats," assures Kenneth Kirkland, an official at the National Conference of State Legislatures. "But depending on local conditions, not all boats rise at the same time...
Australia. While Australia II was winning the America's Cup this fall, the Australian economy was also "getting under full sail," in the words of Board Member Peter Drysdale. A professorial fellow at the Australian National University in Canberra, Drysdale predicted that Australia will pull out of a slump that has raised unemployment above 10%. Said he: "There is a strong mood of confidence in the Australian economy-a sharp contrast with the confusion and retreat of twelve months...
...deco and prepare the decorative style of the '20s, but that is secondary. Rather, what one admires is the stringent purity of his vision and the economy with which he deployed it. Conservative radical, or radical conservative? Both, at different times. If he had recovered from his slump in the '20s and lived an other 30 years, he might have turned out to be the equal of Mondrian...
Detroit has climbed to lofty earnings largely by cutting its costs. U.S. autoindustry employment fell from 1.5 million workers in 1979 to 1.1 million at the end of last year. Fully half the positions lost during the prolonged slump may never be restored. To keep their jobs, the remaining workers gave up wage increases and made additional concessions that saved the Big Three an estimated $3 billion...
...Wielder of a style of unmatched clarity and precision, master of the art of conveying emotions, particularly violent ones, with an effect almost of first-hand experience, he seemed to have established himself as the most powerful direct influence on contemporary literature. After these three books, however, came the slump. Apart from Winner Take Nothing (1933), a volume of short stories, the eight succeeding years saw only two books, both failures. To most readers Death in the Afternoon (1932) was a verbose testimonial to the author's enthusiasm for bullfighting. Green Hills of Africa (1935) was an exhaustive...