Word: though
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Dates: during 1990-1990
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...moment, are the numbers. Hartmarx Corp., which owns middle-income retail stores like Wallachs in New York and Baskin in Chicago as well as Hart Schaffner & Marx, purveyors of off-the-peg businessman style for more than 100 years, has been enduring a three-year slump even though it retains an 11% share of the U.S. men's suit market. Brooks Brothers posted a 41% drop in operating profits for the past fiscal year. A spokesman for Marks & Spencer, the British department-store outfit that now owns Brooks, blamed "difficult trading conditions and severe price cutting by department stores...
...Brit look, or variations on it, is everywhere, along with the softer, more soigne tailoring of the French and Italian variety. One recent Wallachs ad trumpeted the virtues of a Christian Dior suit (at $550), a store staple for years even though Wallachs' buyers managed to turn Dior's Gallic glitz into a kind of standard broker bland...
...inevitable clash occurred Aug. 8, the second anniversary of the 1988 massacre. Students and monks demonstrated in Mandalay. When riot police leveled their rifles at rock throwers, a monk tried to intercede. He was hit by a bullet, and 14 other protesters were injured, though the army denies that anyone was killed...
...most common methods to survive debt is to refinance. Lenders will usually keep extending a company's debt, but often at higher interest rates on the new loans. At the moment, though, many lenders are pulling back because of rising defaults, so the refinancing option is becoming more remote. In fact, analysts warn that this has produced a credit crunch that could push many over-leveraged companies closer to failure. The situation is worst for firms that borrowed heavily by issuing junk bonds. The investment house that controlled most of the market for those securities, Drexel Burnham Lambert, has gone...
...local issues and local personalities. But few, if any, of Bush's predecessors worked harder to affect the outcome. Thus while he and his staff can legitimately take some credit for the G.O.P. victories, they will be unable to avoid some of the blame for the defeats. Even though the election hardly represented a Democratic landslide, the returns do not bode well for Bush. Says former Democratic National Committee Chairman Robert Strauss, who is by no means certain that his own party can regain the White House in 1992: "I think he's in deep trouble. You don't recover...