Word: absorbers
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Welcoming new immigrants is one of Israel's highest priorities, but in practical terms the struggling nation has never found it easy to absorb them. When Soviet Jews began to pour in last December, experts warned there would not be enough apartments to house them. With the arrival of nearly 50,000 immigrants so far this year, and another 100,000 expected in the next five months, the housing crunch has come...
...Kremlin with credit ! to buy Western consumer goods for resale in the Soviet Union for rubles. While some economists dismiss this as a palliative, it could bring several benefits. The goods -- clothing, household electronics, large items like autos -- could be sold at whatever the market would bear. This would absorb much of the $670 billion of savings "overhang" locked up in banks or stashed away at home because Soviet shoppers can find nothing worth buying. Sopping up that excess cash would make subsequent restructuring, from price reform to the convertibility of the ruble, less likely to produce hyperinflation...
...Vice President and General Counsel Daniel Steiner '54. As Harvard's top attorney and all-around troubleshooter, Steiner does much of Bok's dirty work. Whether Bok is assailed by the slings and arrows of student activists, fractious alumni, or unionizing employees, Steiner is often sent out to absorb the worst of the fire...
...This can't go on," said Tashjian. "We can't continue to absorb the cost [of the thefts...
...construction has aroused fears that overbuilding could turn the city's boom to bust. Gaming experts point out that such mega-resorts as the Mirage and Excalibur have attracted gamblers away from the older casinos, where wagering has slowed. But many Wall Street analysts believe Las Vegas will easily absorb the new hotels. Says Paine Webber's Lee Isgur: "Basically, Las Vegas is the entertainment capital of the world. As they put in more resorts, more people will use Las Vegas as a vacation spot." That could prove particularly true now that gamblers from Japan and other Pacific Rim countries...