Word: tractor
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Dates: during 1980-1989
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...sales of $15 billion, and analysts now project perhaps as much as $219 million more in losses during the company's 1982 fiscal year that ends next January. Some of Harvester's troubles have come from the recession-caused slump in farm income, which has cut into tractor and farm-equipment sales. Yet many of the firm's woes are traceable to McCardell's bad management...
Fifty miles south of Washington, in rural Calvert County, Maryland, Dorsey's Gray's Ford truck and tractor dealership is on the verge of bankruptcy, "Damn worst I've seen since I've been in business," he matters. And the once-booming Calvert construction business is dormant now: New building permits are down 44 percent from last year, idling most of the county's predominantly black construction workers. Officially, unemployment in Calvert is 18 percent, making the current recession Calvert's most distressing economic situation in recent memory...
Wholesome fun continues after dinner. Most people go to sleep, some smoke contentiously, and a small band of merrymakers try bingo. The game is disturbed by a trio of bicoastal Type A males who cry, "Cheat! Cheat!" and refuse to play unless they can win the Canyon Ranch tractor hat. Earlier, they were seen calling their offices for an adrenaline fix before they had even checked in. One of them is already in the lobby inquiring about the last plane to Burbank...
Richard Tye, a farmer from Kress, Texas, bought Danny's one-year-old John Deere tractor, but the bargain brought him little joy. "It scares me to death buying this," he said. "I have just enough money to try farming one more year, but probably not enough to get through it. No one can come out ahead farming around here unless something changes...
Just after the bidding on the tractor ended at $23,000, Danny slipped away...