Word: slumping
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Dates: during 1980-1989
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Thereafter, the team acquires the not so-affectionate nickname of "Brew Jays." Doug Ault mires himself in a horrible slump...
Though most of the damage will probably be concentrated in the older industrial areas of the Northeast and Midwest, much as in 1975, the slump is likely to hit all areas of the nation. Sagging housing starts are being felt in furniture and textile factories throughout the South, and the Northwest's aerospace industry will be only as strong as its airline customers...
Detroit's sales slump leads the business slowdown...
Auto industry layoffs may soon exceed 250,000, which badly hurts such auto-dependent cities as Detroit, where unemployment has already reached 24%. The current downturn is reminiscent of 1927, when Henry Ford helped push the country's economy into a slump by halting all Ford output for five months, as he switched production from the Model T to the Model A. Says United Auto Workers President Douglas Fraser: "The rest of America may be having a recession. But autoworkers are having a depression...
...buckling of the housing industry is not confined to any geographical area. Former housing boom towns like Houston and Atlanta are also suffering, and even Florida, which looked as if it might be spared for a while, is feeling the slump. The hardest-hit region is the Midwest. Laments St. Louis-area Builder Tom Berry: "Home sales are not bad. They have just stopped...