Word: grimming
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...State during his 25 years in office. Since he speaks English fluently, he did not ask to have Shultz's remarks translated, but he did reply in Russian. As they sat in U.N. Ambassador Jeane Kirkpatrick's office for their three-hour meeting, Gromyko gave a grim assessment of Soviet-American relations. Shultz, in turn, pressed Gromyko on Moscow's intervention in Poland, Afghanistan and Cambodia, and on use of biological and chemical weapons. The conference produced few concrete results; the main accomplishment was keeping businesslike discussions alive and agreeing to meet again this week...
...speaker was former Presidential Economic Adviser Alan Greenspan, and his remarks aptly summarized the grim concern that pervaded a meeting qf the TIME Board of Economists held in New York City last week to survey the economic outlook for the remainder of 1982 and 1983. Dominating the discussion was the precarious state of the world's finances and the damage that a loan default by Mexico, Poland or any of a dozen other large borrowers might do to the international banking system. The economists worried about whether those countries could pay their debts, and also what impact their shaky...
...grim backdrop of worrisome economic developments around the world led the U.S. to soften its initially tough stand and agree to speed up the timetable for reaching an accord on the amount each member should contribute. Also the U.S. launched a drive to set up a new "crisis fund" to be tapped in times of real emergency. Most key members seemed responsive to the proposal, which is, for now at least, still largely in the talking stage...
...other hand, as worldwide economic growth has slumped deeper and interest rates have shot up alarmingly, defaults and reschedulings of commercial bank loans have multiplied, raising fears of a kind of domino effect of international banking collapses. That grim prospect came uncomfortably close to actuality last month when Mexico declared it could not make its payments. Such action would have left such blue-chip U.S. lenders as BankAmerica, Chase Manhattan and Citicorp holding bad loans of more than $10 billion...
...following photographs offer views from the inside of seven maximum-security prisons. With the exception of Leavenworth, all are state institutions. Most of these places are famous in American folklore and in grim modern history. Their names evoke images of riots in the yards, of searchlights and sirens, of tin cups banged in unison on the tables of gothic mess halls. The normal reality of prison life is, of course, calmer, but no less extraordinary. These are societies made up largely of people who have robbed, attacked and murdered other people, after all, and of those who oversee them...