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While Washington fiddles, the faltering U.S. economy has started imposing hardships that recall the severe slumps of the 1970s and early 1980s. Major American companies are slicing costs to the bone and declaring sweeping layoffs. "It's going to be brutal. Many businesses are broke, but won't admit it yet," says Irwin Jacobs, a Minneapolis financier. Chase Manhattan, the second largest U.S. bank, is letting go 5,000 employees, or 12% of its work force, in a struggle to remain solvent. McDonnell Douglas, the No. 1 defense contractor, is slashing its payroll by 17,000 workers...

Author: /time Magazine | Title: All Shook Up | 10/15/1990 | See Source »

...adoptive parents of an 18-year-old Korean man are searching the Korean community at Harvard this weekend to find potential bone marrow donors to help their son in his fight against leukemia...

Author: NO WRITER ATTRIBUTED | Title: NEWS IN BRIEF | 10/12/1990 | See Source »

Because the younger McGowan is adopted, he cannot receive bone marrow donations from his family members, as is the usual practice. Although he has one natural brother, Robert McGowan said that the family does not yet know whether his blood type is compatible...

Author: NO WRITER ATTRIBUTED | Title: NEWS IN BRIEF | 10/12/1990 | See Source »

Students of Korean heritage between the ages of 18 and 55 would be the best possible donors for Jonathan, McGowan said. "Currently, there are 220,000 people registered with the National Bone Marrow Registry. Only 3400 of those are Asian," he said...

Author: NO WRITER ATTRIBUTED | Title: NEWS IN BRIEF | 10/12/1990 | See Source »

Murray, a 1943 graduate of Harvard Medical School, will share the $695,000 prize with E. Donnell Thomas of the University of Washington in Seattle, who also contributed to the field of organ transplantation with groundbreaking research in bone marrow transplants...

Author: By Andrew D. Cohen, | Title: Murray Receives Nobel in Medicine | 10/9/1990 | See Source »

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