Word: rebounds
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...outward sign of the change is an economy that stubbornly refuses to recover from the 1990-91 recession. In a normal rebound, Americans would be witnessing a flurry of hiring, new investment and lending, and buoyant growth. But the U.S. economy remains almost comatose a full year and a half after the recession officially ended. Unemployment is still high; real wages are declining. At a TIME economic forum last week, forecasters predicted that U.S. growth would amount to only 1.8% this year and 2.6% for 1993, about half the speed of a normal recovery. The current slump already ranks...
Until earlier this year, the U.S. seemed to be headed for a more normal rebound, thanks to the brisk tempo of export sales. But then the economy began to suffer from yet another new development: America's growing linkages to the global economy, which has gone into a slump. The world's economy didn't grow at all last year, and is expected to expand only 1.1% this year. The currency crisis that swept Europe last week was a profound symptom of the West's stagnation. Germany's relatively high interest rates, run up by the cost of rapid unification...
Bowen attributed the rebound in occupancy ratesin part to an increase in Harvard affililatedgroups staying at the hotel. In addition, he said,overflow from Boston conventions is boom for hisand other Cambridge inns...
...Atlanta, BellSouth eliminated 3,000 jobs, or about 3% of its work force, through early retirement last year. But even if the economy should rebound sharply, the regional phone company has no plans to take anyone back. "We've got to be a more efficient, more streamlined operation," declares a company spokesman. "And this is a long-term step toward getting us there." BellSouth is hardly the only phone company cutting back. Bell Atlantic said last week it is eliminating 3,450 positions, or about 5% of its remaining jobs, as part of a downsizing that the company...
...soon as you arrive. If you wait until February of Your first year to break up with Karen or Hank you'll be overwhelmed when you finally venture out into the Yard social scene. Harvard's dating pool is inundated with bitter post-reading-period dumpers on the rebound and dumpers "not yet ready for a relationship...