Word: decrepit
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...Shanghai is caught up in entrepreneurial energy. In the mid-'80s, while southern provinces like Guangdong and Hainan turned Deng's experiment in "special zones" into a capitalist boom, Shanghai's decrepit state industries stagnated, its infrastructure disintegrated, and its people sulked. The economic revolution wasn't reaching far beyond a few chosen cities. Recalls Li Bo, a Shanghai economist who runs a consulting firm for German companies: "The most popular expression in 1991 was 'Gao bu hao le'--everything's hopeless...
...true market economy cannot emerge fully until the government does something about its ailing state enterprises. These decrepit firms, employing some 100 million workers, are swamped by debt, surplus labor and bloated inventories. Their out-of-date equipment and Marxist management, corrupt and incompetent, make them hopelessly uncompetitive. Half the 100,000 enterprises operate at a loss, and one-third barely turn a profit. At one time or another, half of all state employees have been furloughed or have had their pay or hours cut. Workers earn most of their income moonlighting for private firms...
With its central location and decrepit condition, the building offers a tremendous challenge for historical preservationists and developers searching to forge a compromise...
...proposed a $10,000 tax deduction for higher education, a $1,500 tax credit for two years of college or vocational school, tax-free iras that can be used to finance college tuition, a plan to mobilize a million reading tutors, a $5 billion program to fix decrepit schools and a program to connect every classroom to the Internet by 2000. There is virtually no chance that a G.O.P. Congress will agree to all this. But Clinton can find enough votes in the House and Senate if he accepts a pet program of the G.O.P.'s (and one that...
...because "it overcomes the loss of confidence in one's own diet. The feeling that the drug gives you is the key." That's the attitude of Barbara Dorsett, the Red Lobster survivor: "I'm just so thankful they discovered this stuff," she says. "I felt so old and decrepit. It's like a new lease on life...