Word: spree
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Dates: during 1990-1999
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...million people -- is no place to live. The city's social fabric has been fraying for years, but in September 1991 it started to unravel completely. The crisis began when a group of elite government troops, angry because they had not been paid for months, went on a looting spree that was quickly joined by civilians. During the next few days, nearly $1 billion worth of property, from clothes to computers, was pillaged. After the rampage, foreign businessmen -- and foreign money -- fled the city. The economy collapsed. Since the government now has almost no money to buy supplies and spare...
...WENT UNREported, and for the reputation of Texas Southern University in Houston that was good news. Then the Japanese media disclosed that on Dec. 7 (of all days) members of the university's marching band, on a goodwill trip to Japan, had turned their Tokyo tour into a shoplifting spree, making off with $22,000 in loot from stores. One bystander even claimed that a student had brazenly videotaped enraged merchants chasing the thieves to their buses...
...grace and thrills come on the field between April and October. All the other stuff was on display at the owners' winter meetings in Louisville, Kentucky, where baseball's barons went on a daft pre-Christmas shopping spree for talent -- including $43 million for six years of outfielder Barry Bonds' services -- while moaning they were near bankruptcy...
...that the U.S. recovery is far weaker than the recent 2.7% GDP growth spurt indicates. "That was a nice number, but not sustainable," says Lea Tyler, manager of U.S. economic forecasting for Oxford Economics in Pennsylvania. The results included a temporary bulge in defense orders and a consumer shopping spree that blossomed in July but quickly faded in August. Moreover, Tyler said, the mild drop in unemployment from 7.5% in September to 7.4% reflected a shrinking labor force as students returned to the classroom and discouraged workers stopped looking for jobs...
...1980s, but often in the wrong direction. Smith's stated aim was to gear up the company for the 21st century. Along the way, GM spent $70 billion on everything from industrial robots to the purchase of Hughes Aircraft and Perot's Electronic Data Systems. But despite the spending spree, GM's market share fell from 46% to 35% during the decade as consumers turned away from its unattractive products. Nor did GM have much success in transferring Hughes' electronic wizardry to auto assembly lines, or in using EDS to standardize its computer systems...