Word: slumps
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Dates: during 1990-1999
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...able to dominate world markets by feeding chips to Japan's own consumer-electronics industry. About 42% of all chips made in Japan are consumed by such companies as Sony and Panasonic. But as global sales of TVs, VCRs, PCs and telephones have fallen because of the worldwide economic slump, so have the fortunes of Japanese chip companies. At NEC, profits are down 71%; at Toshiba, earnings are off 39%. As a result, the Japanese have retreated from some markets. Fujitsu, for example, is closing its U.S. chipmaking plant in San Diego. The factory made one-megabit memory ! chips, whose...
...Clinton's biggest concerns will be the global nature of the economic slump he must confront. With unemployment stuck above 7%, the U.S. desperately needs vigorous exports to put people back to work. But Europe too is mired in a downturn, and the collapse of Japan's financial and real estate markets has left that economic superpower reeling. "There's no way the economies of Europe and Japan can provide an engine of economic growth for the U.S.," says Barry Bosworth, an economist at the Brookings Institution. "Clinton will not be bailed out by a strong expansion overseas...
LOOK OUT, CALIFORNIA. WHEN GOVERNOR PETE WILSON AND the legislature finally closed that huge budget gap two months ago, they employed a bit of creative bookkeeping, including borrowing from anticipated revenues. But those optimistic assumptions collapsed as the economic slump persisted. Already more than $2 billion in the hole, the new California budget may come up short a stunning $6 billion by Christmas...
Sinatra is best in these climbing-to-the-top scenes, and in its portrayal of Sinatra's career slump in the late '40s, when record sales dipped, his marriage crumbled and he even made a botched suicide attempt. His marital infidelities get ample attention, particularly his stormy affair with Ava Gardner (Marcia Gay Harden). Along the way, he is portrayed as an egotistic hothead with a politically correct tint: when a hotel clerk tries to deny a room to black band member Sy Oliver, Sinatra bullies the fellow into turning over...
...Science sections go through boom and bust cycles," she says. "Right now they're in a slump...