Word: slumps
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Dates: during 1970-1979
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...French President Valéry Giscard d'Estaing, Japanese Premier Takeo Miki, West German Chancellor Helmut Schmidt, British Prime Minister Harold Wilson and Italian Premier Aldo Moro. Their purpose: to discuss ways in which their countries can cooperate to lift the industrial world out of its worst business slump since the 1930s...
...especially costly to begin with; they carry premiums above base OPEC prices because of such factors as low sulfur content of the oil or closeness of wells to markets. During the past year or so, these premiums have got to be higher than could be justified during a severe slump in global demand...
...wicked ways" (II Chronicles 7:14). Some in the startled crowd recall him saying, "The company is now in God's hands." One executive wondered if Goshorn had "wigged out." In fact, behind Goshorn's sudden move lay a convoluted tale of boardroom intrigue and a business slump that the chiefs faith has yet to reverse...
Coack Debi Field was pleased that her team was able to break out of its slump. "We had been thinking well, but hadn't been able to couple that thinking with movement and acceleration. Today, feet were moving, and we were running to meet the ball." The team plays Dartmouth here this Saturday in hopes of improving its 1-3-1 record...
Hutchison's woes were further aggravated by the recession-a slump in exports depressed its revenues-and by its inability to manage its subsidiaries. The firm's principal lender, the Hong Kong and Shanghai Banking Corp., began to apply gentlemanly persuasion to straighten Hutchison out. In August the bank agreed to pump $30 million into the company in return for 150 million newly created shares of its stock-on condition that Clague give way to a bank-picked successor. That ultimatum prompted Clague to make a last-ditch effort to raise capital from European banks. He failed...