Word: unloading
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Dates: during 1980-1989
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Like other department-store chains, B. Altman has been hurt by weak retail sales and tough competition from specialty outlets. Several other chains are for sale by their foreign owners: Canada's Campeau is trying to unload Bloomingdale's, while Britain's B.A.T Industries has put Saks Fifth Avenue and Marshall Field's on the block. However, Altman's problems went deeper, in part because it had acquired a dowdy, passe image. The company might have been turned around by the right owner, but Herscu, saddled with $1.5 billion in debts, had neither the cash nor the vision to pull...
...whoever he is. A healthy. Kevin Willis gives the Hawks' Moses Malone some help on the frontline, and Cleveland has enough talent to be a playoff team, but needs a couple more years to be a dangerous team in the playoffs. Milwaukee and Indiana would do better to unload their rosters and apply for expansion franchises at this point and time...
...most vulnerable species of all is the customer, victimized by salesmen whose bonuses depend on how many questionable securities they can unload. Retribution is the rarest commodity on Wall Street, but in Liar's Poker it makes several appearances. In 1986 the financial action begins to leave Salomon Brothers for other concerns -- and so do many of the best employees. The house that has thrived on hostile takeovers itself becomes a target. Then comes the Crash of '87, when "investors froze like deer in headlights" and hardened professionals were "helpless as they watched their beloved market...
Slowly the train of boxcars rolls to a halt at Kapikule, where Bulgaria becomes Turkey, and a flood of humanity spills out. Many kneel to kiss the ground. Others weep as they unload furniture, suitcases and sacks stuffed with possessions and pile them on the station platform. Military marches and battle cries of the Ottoman Empire blare from loudspeakers. A man shakes his fist at the distant Bulgarian hills and shouts, "Long live Turkey! This is the happiest day of my life...
...fact the media, that watchdog of democracy, has been sniffing around the White House so often now that it already has uncovered several Bush Administration scandals that it is just waiting to unload on an unsuspecting public. For those of you who can't wait to hear it from Sam Donaldson and Diane Sawyer on the new "Primetime Live," here are some of the scandals that will allow President Bush to take his true place among the recent set of Republican chief executives...