Business Report: The Coming Storm

If they aren't already, U.S. managers may soon be steering through the ugly waters of the global economic slowdown. How can they prepare?

Take a good look at George Feldenkreis, entrepreneur, and you can see the curiously split personality of the American economy as it wobbles toward the end of its seven-year boom.

On the one hand, Feldenkreis owns a splendid company in Miami called Supreme International, a leading supplier of men's and boys' casual sportswear to such stores as Macy's, Sears and Target. Supreme has lived up to its name in the 1990s: revenues have increased more than tenfold, to an estimated $220 million this year. The company has been on an acquisition binge. Even better, Supreme continues to roll merrily along as...

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