Word: stagnant
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What has really hurt the giants more than anything else, though, is that cosmetics has become a relatively stagnant industry. During the 1970s, annual sales grew to about $10 billion, but the growth rate since has slowed considerably. Changing social conditions have affected sales: potential new customers, in the form of women entering the labor force for the first time, are not quite so numerous as they used to be. Says Roger Shelley, a Revlon vice president in charge of corporate affairs: "That kind of shot in the arm is missing now, as we look forward into the 1980s...
What caused Reagan to reverse field, with the economy essentially stagnant and nearly 10 million Americans unemployed, was a crippling fear that deficits over the next three years could reach $500 billion if no adjustments were made in his program. In order to keep at bay this looming behemoth and bring interest rates down, Reagan accepted the need to raise new revenues. This pitted him against some of his usually most ardent supporters, like Congressman Jack Kemp of New York, who argue the supply-side theory that only by reducing taxes can the economy expand. The dispute, said Kemp...
Interest rates are falling now because the stagnant economy has depressed the borrowing demands of both consumers and businessmen. That lack of demand, in turn, has enabled the Federal Reserve to ease up on its tough control of the money supply without running the risk of fueling inflation again...
...animal in a small cage. On the whole, we learn no more about the meaning of things from our "creative" writers than a child learns about wildlife by watching the disconsolate, paranoid polar bear in the Central Park Zoo. The brute scowls and flips a beer keg around his stagnant pool and dreams of killing someone: a perfect model of the literary life...
...America's oldest, largest and best-known civil rights organization, but not since its founding in 1910 has the National Association for the Advancement of Colored People faced a deeper crisis. Membership is stagnant, it has growing financial problems, and the 64-member board is divided not by searching debates over new directions but by personal feuds and internal politics. Beyond that, the association is engaged in a costly battle with the NAACP Legal Defense and Education Fund over the fund's use of those initials. "The N.A.A.C.P. is in its twilight zone," says Martin Kilson of Harvard...