Word: stagnant
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...course, a hard-edged manager may be just what First City needs. Despite a partial recovery in petroleum prices this year, the Texas economy is still stagnant and oil-patch lending remains a risky business. The FDIC has already rescued eleven Texas banks, while 38 others went belly up. Last week, as Abboud set up temporary quarters in a First City Tower conference room, he said he will aggressively seek new business, and predicted that First City will be profitable "very shortly" after the influx of FDIC and private funds. "As this bank emerges, it's going to be formidable...
...agreement and for a U.S.-Soviet summit before the end of the year. But last week, in the latest in a series of unpredictable diplomatic maneuvers that began at the Reykjavik summit, Soviet Leader Mikhail Gorbachev made another surprise shift on arms control that could get the stagnant talks moving -- and reap new propaganda victories for the Kremlin...
...Great American Housing Party over? In 1981 U.S. mortgage rates began declining from a peak of 16% to less than 9% earlier this year. During that span the previously stagnant building industry boomed, and millions of U.S. consumers rushed to buy new homes or cash in their old mortgages for cheaper ones. Last week, though, lenders, home buyers and builders were shaken by the sharpest mortgage-rate run-up in years. The interest-rate hike may prove to be temporary, but it caused a minor panic. "The rise was so sudden that most consumers are still dazed," says Eric Fessler...
...biggest risk may be Fox's uphill battle to stay in business. Many industry observers question the new venture's timing. The three networks' share of the over-all TV audience has dropped sharply, and advertising revenues are stagnant. Cutbacks, not expansion, seem the order of the day. "I don't see the logic of what Fox is doing," says CBS Entertainment President Bud Grant. "There may not be enough of an audience or sufficient advertising revenue to support three networks, let alone four...
...public mind with Big Business and Wall Street. Darman has used the term corpocracy to describe the bloated management of U.S. corporations that have resisted becoming more competitive. "Big Government isn't what is bugging everyone these days," says Darman. Instead, he sees the resentment as being directed at stagnant industries and declining education systems. Businesses that profited from tax breaks without making intelligent investments, combined with the scandals and takeovers on Wall Street, have bolstered the perception of greed run wild. One result, Darman says, "is that latent idealism is having a comeback...