Word: slumping
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Dates: during 1980-1989
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...stock or shopping for acquisitions. One Georgia bank takes an even tougher line. Says Willy Alexander, vice president of Atlanta's Citizens and Southern National Bank: "We have absolutely discouraged borrowing for bricks and mortar, heavy machinery or inventory buildup." Already hard hit by the housing slump, the forest products giant Georgia-Pacific announced a 25% reduction in capital expenditures rather than attempt to float another expensive bond issue...
PHILADELPHIA vs. EDMONTON: Despite a mild late-season slump, tough-guy turned coach-of-the-year candidate Pat Quinn and his charges, led by a core of reliable veterans (Barber, Clarke, Leach, MacLeish (and blossoming youngsters (Linseman, Propp), topped the NHL. Oilers have the Great Gretzky but not the retzky, yet will snatch a win on home ice to lose in four...
...equally painful for the city of Seattle. With the Puget Sound's largest single employer facing ruin and the tarmac at Boeing's Everett assembly plant, the biggest such plane factory in the world, choked with unsold jumbo jets, Seattle's entire economy went into a slump. A grimly cynical highway billboard on a road heading out of town summed up the prevailing gloom: "Will the last person leaving Seattle please turn out the lights...
...severe slump, of course, would reduce U.S. standards of living-and so would inflation if it continues at anything like the current pace. "In my opinion," said Marshall McDonald, chairman of Florida Power & Light Co., at a recent business conference in Miami, "we are going to have a situation in the next five to ten years that could force us to change our entire way of life." He implied to a startled audience that Floridians would not be able to afford air conditioning and added: "We are going to have to get used to sweat. That's right, sweat...
...nose is tuberous, his cheeks look as if they contained acorns, his eyes are little and mean. Walter Matthau, for it is he, allows these seedy features to slump into a look of distaste that is almost Fieldsian and says in a voice like that of a gear-grinding machine, "Put him down for a sawbuck, and don't let the kid out of your sight...