Word: affordability
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Dates: during 1980-1989
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...federal, state or local governments want to pay. But, warns Carnegie, the real choice is whether to fund health clinics, counseling and teacher training today or pay the far higher cost of dropouts, an ill-prepared work force and swelling welfare and prison rolls tomorrow. "The nation cannot afford to continue neglecting these youth," concludes the report. Lorraine Monroe, director of the Center for Minority Achievement at Manhattan's Bank Street College of Education, agrees. "We can't hold school the way we used to hold school," she says. "Some educators may say, 'I didn't sign on for that...
...observes William Farley, chairman of Chicago- based Farley Industries, which took over West Point-Pepperell in a hostile bid this year. But, he adds, "it takes a certain kind of management to deal with that kind of debt. You're that much closer to the edge. You can't afford to make all that many mistakes...
...running their present operations in China as long as they can, and will carry through deals that are already under way as long as that is permitted. The dream of satisfying the demand of a billion or more new customers is too alluring to surrender easily. "You can't afford to just opt out of any world market, particularly one the size and potential of China," says Roger Sullivan, president of the U.S.-China Business Council. "For us to do that would be to just turn it over to the Japanese...
Until then, toilet paper will remain a rarity in city hall rest rooms. The city cannot even afford new bulbs for its traffic lights. Parking meters work, but nobody feeds them because there is no money to hire meter maids. Garbage collection stopped for several months after the city fell $262,000 behind in payments to its trash contractor, and remains sporadic at best. Residents routinely dump garbage in vacant lots or abandoned buildings. As fast as buildings are boarded up to stop looting and dumping, thieves steal the plywood. Bob's Board-Up Service in St. Louis no longer...
...crisis, Argentina started sliding into chaos last week. In food riots that erupted in Rosario, Cordoba, Buenos Aires and other major cities, more than 2,000 people were arrested and at least 15 killed. The primary trigger: hyperinflationary price increases that have left even middle-class citizens unable to afford food and other necessities. Inflation for the month of May reached 75%, and is accelerating at a pace that would amount to more than 80,000% for the year. Said David Feldman, news director of Radio Rosario: "It's not just hunger. People are crazed. There is extreme tension here...