Word: squeezees
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When Young takes office Jan. 4, he may wonder why he did. Although for a generation Atlanta has been a model for social and economic progress, it is now caught in the squeeze agonizing many Northern big cities: its population is shrinking; the tax base is stagnating; almost a quarter...
But that policy has put the Faculty in what Rosovsky this week called "a very bad economic squeeze" and has, in part, forced the Faculty to raise professors' and staff members' salaries at rates considerably slower than inflation. Since 1970, professors' salaries have lost 15 per cent in real terms...
The surge was by no means uniform, but it came, remarkably enough, amid signs of a slowing economy. Last week, for example, General Motors said it had lost a stunning $468 million during the third quarter. The Chase Manhattan Corp. of New York, however, reported a jump of 20.1% per...
"Learning to tap dance at 35 is like having a truck run over you every day. It's real punishment," says Steve Martin of the nine-month regimen of instruction he endured for the film Pennies from Heaven. The musical drama, scheduled for Christmas release, is based on a...
One obvious reason why businesses succumb when the economy suddenly, and unexpectedly, jumps up is that firms get caught off guard or are unable to adjust to the changed circumstances. During business booms, companies often are unable to raise prices fast enough to offset increased costs. The result is a...