Word: trailer
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Dates: during 1980-1989
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...family's ordeal finally ended in August, when a trailer truck carrying a hip-roofed house with yellow shingles pulled up on the site of Anderson's burned-out home. "This house," she boasts, "won't have no holes like the other...
Among its recipients is Johnnie Murry, who used to live with her husband and 15 children in a two-room trailer. In 1984 MadCAAP brought a four-bedroom house to Murry's farm. Now white curtains hang from the windows and stuffed animals, high school banners and framed graduation pictures decorate the wood- paneled walls. "We can sleep better now," says Murry. "I am grateful that I have a place to cook, a table to feed my family at and a place for me to rest later...
Affliction is about a dismal town in New Hampshire and its effects on one of the inhabitants, Wade Whitehouse, part-time well digger, snow-plow operator, police officer and school-crossing guard. He has lived in a trailer ever since his wife left him for a man with better prospects. Smoldering with resentments, he lets routine things slip his mind. "Sometimes you just forget who you are. Especially when you're sick of who you are," he tells his brother Rolfe...
...troubles began after takeover artist Asher Edelman launched a $1 billion hostile bid. Following the advice of Merrill Lynch, Fruehauf acquired Edelman's 10% stake at a profit to the raider of $120 million. Some 70 Fruehauf executives then joined forces in a leveraged buyout. But when the trailer division slumped in 1987 as cost-conscious truckers cut back on new orders, Fruehauf had to strain to meet interest payments, which had climbed to $101 million a year. As other divisions faltered, Fruehauf embarked on desperate cost-cutting moves and fire sales that have hollowed out the 71-year...
Victims of the collapse included Ronald Yoder, 37, who lost his job as a crane operator when Fruehauf shuttered its Fort Wayne, Ind., trailer plant in 1987. Yoder, who is married with a 17-month-old son, now earns about a third less than the $11.47 hourly wage he was paid at Fruehauf and receives no health insurance from his present employer. Says he: "Sure, I got another job, but I can't save a dime. We wanted to have another baby, but we can't afford it. I didn't know what an LBO was until a couple...