Word: slumping
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Dates: during 1980-1989
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...F.D.R. Drive on Manhattan's East Side, the American-built car has become an object of derision and jokes. All too many American drivers now consider the cars they once fawned over to be simply too big, too heavy and too expensive. As car sales continue a yearlong slump and the auto industry faces its gravest crisis ever, an increasingly anxious public is asking: Why can't Detroit build more and better small cars? Why is it so out of step with what consumers need today...
...country meanwhile continues to struggle with an economic slump that is sure to drive Detroit's depression still deeper. Durable goods orders dropped a steep 4.2% in April, and retail sales declined 1.2%. Spokesman Jody Powell said President Carter now believes that Americans no longer need to heed his imprecation against credit card use and urged them to begin spending more freely again...
...championship game, Harvard broke out early, with Brad Bauer, who hit a homer against Maine earlier in the day, and Mark Bingham, who finally emerged from his slump Sunday, delivering RBI singles in the first. Harvard's all-time RBI leader, Bingham finished with a 5-9 outburst in Sunday's two games...
...bailing out of a flaming aircraft and then waiting terror-stricken to see if his parachute will open, American businessmen and economists hung impatiently last week trying to see how deep the recession of 1980 would go. Just about everybody agrees by now that the nation is in a slump, yet no one knows whether plummeting interest rates, soaring unemployment and lethargic consumer spending foretell an economic decline that will be brief or prolonged, shallow or deep...
Despite the sharp dive, the slump continues to look like a "two-and-a-half industry recession," according to Michael Evans, a private Washington economist. The two: autos and housing. The half: recreational products like vans, boats and outboard motors. All three areas represent purchases that consumers are generally able to postpone in times of economic uncertainty. In addition to the housing drop, auto sales declined 42% in the first ten days of May over the same period last year, and sales of recreational vehicles were off 40% in the first quarter...