Word: turmoils
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Dates: during 1990-1999
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Like American business generally, Harnischfeger entered this turmoil strong and lean. Well-managed with a skilled and productive work force, it had prospered from the past decade's explosive growth in global freedom and commerce. But then came the currency crisis that began in Thailand in July 1997 and spread like a contagion through the rest of Asia--and last month to Russia and last week to Latin America, hammering down local currencies and slashing demand for U.S. exports. Cheaper Asian exports began grabbing more and more domestic business away from U.S. companies and sliced into their earnings. That trend...
...storms, real and metaphysical, buffeted the South, brewed turmoil in Moscow and depressed world financial markets, the clouds of another tempest hung about the borrowed clapboard cottage, where President Clinton and his family were winding up their decidedly unrelaxing vacation on Martha's Vineyard, Mass. The official word from the White House was that a "healing process" was under way. And indeed, the President was doing his best to make amends, not only with the woman who is making good on her promise to stick with him for better or worse, but also with the political party that has always...
...regional coalition that swept Laurent Kabila to power now appears badly divided over his future -- and that division may bring protracted turmoil in the long-suffering Congo. While Rwanda and Uganda are squarely behind the rebellion to oust Kabila, the guerrilla-turned-president appears to still have the active backing of Angola, Congo's southwestern neighbor and perhaps the region's leading military power...
Last week's turmoil on Wall Street was the latest in a summer-long slide that has knocked almost 740 points, or nearly 8%, off the Dow index since July 17, a decline that economists call a correction. (A 20% drop signals a "bear market.") But a deeper and quieter sort of stock decline has been under way much longer, particularly among smaller companies. For example, the Russell 2000 Index of small-capitalization stocks has fallen nearly 5% since January. Investors have been seeing these declines for some months in their brokerage statements. So as they survey the carnage...
...fabled pre-eminence in the animation arena has eroded since its Lion King days and that its theme parks face newly ferocious rivals and, perhaps as a result, deliver lower profit margins than they once did. ABC, snapped up by Eisner back in 1995, has suffered its own turmoil and a ratings free fall (this past season brought the network the indignity of finishing behind Fox in the 18-to-49 demographic). The launch of Disney's cruise line has been delayed by shipyard snafus...