Word: years
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Dates: during 1980-1989
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Whether or not man and machine adapt, the public should be ready to blow a farewell kiss to the 25 cents stamp. Costs are rising 112 times as fast as inflation, and the Postal Service is expected to lose $1.6 billion this fiscal year. The 30 cents stamp may be here...
Though the British Foreign Office said there will be no more involuntary repatriations this year, they are certain to resume unless other nations offer an alternative. The boat people, says a senior British diplomat, "are chasing a dream that doesn't and can't exist." At least not in Hong Kong...
...nine months advertising giant Saatchi & Saatchi has admitted that it was enduring a rough year. But when chairman Maurice Saatchi faced investment analysts in the company's luxurious London boardroom two weeks ago, the news was far worse than anyone had feared. After 19 years of uninterrupted growth, Saatchi's pretax profits for 1989 collapsed, dropping from $217 million last year to just $34 million, an 84% decline. After taxes and other provisions were deducted, the world's largest advertising firm reported its first net loss, of $92 million...
...brilliance stumble so badly? Somehow the company that transformed the advertising industry worldwide during the 1980s seems to have lost its alchemist's touch. Deepening the management mystery, Saatchi & Saatchi profits fell while its global advertising business continued to thrive: the company's revenues reached $1.5 billion this year, up from $1.35 billion...
Louis-Dreyfus has no background in advertising but has earned a hot reputation as a financial whiz. His chief accomplishment is the brisk turnaround of IMS. The company, capitalized at $232 million when Louis-Dreyfus took over in 1982, was sold to Dun & Bradstreet last year for $1.7 billion...