Word: turnarounds
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When Chrysler announced early this month that it will close the aging Detroit plant where workers assemble the last of the Dodge Omni and Plymouth Horizon models, the situation had ominous parallels to the calamitous early 1980s. Only six years after its fabled turnaround, here was Chrysler embattled again, posting losses on its North American operations for the first time since 1982. Amid persistent auto-industry speculation that Chrysler might be forced to merge with a foreign partner, here was Chairman Lee Iacocca declaring that for the company to survive, it must cut at least $1 billion...
...with three seconds left in the game, it happened. A turnaround jumper. Stake in the heart. It was him. I knew...
...Crimson began its turnaround by edging Cornell, 1-0, on a leaping header by daredevil midfielder Tory Fair. Harvard then played its best soccer of the season in a thrilling 2-1 victory over Dartmouth...
George Bush has acknowledged this turnaround in Soviet policy by proclaiming it an opportunity for the U.S. to move "beyond containment." Already there has been a shift in U.S. policy toward diplomatic compromise in all three of the principal regional conflicts. In Nicaragua the Reagan Administration wanted to overthrow the Sandinistas; the contras were a means to that all-or- nothing end. The Bush Administration, by contrast, is seeking a political settlement that would entail some sort of power sharing between the Sandinistas and their opponents. During consultations on Cambodia in Brunei last week, Secretary of State James Baker made...
Environmentalists give Japan its highest marks for its turnaround on trade in endangered species, but they question whether the new reforms are too little and too late. While Japan has greatly reduced its whaling, whale lovers are concerned that the country still kills hundreds of minke whales for "scientific research." The Japanese feel maligned by the West on the whaling issue, since they view cetaceans as food the way Americans see cattle...