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Industry experts foresee even worse news ahead for the company: they project a $1.4 billion loss, the firm's worst ever, when fourth-quarter 1990 earnings are announced this week. But Wall Street analysts applaud GM's moves, saying they indicate that the world's largest automaker is preparing for a long, hard recession. And with sales of domestic cars plummeting 31% in January to the lowest level since 1982, they predict that Ford and Chrysler will be forced to make similar cuts in the spring...

Author: /time Magazine | Title: AUTOS: GM Gets a Little Slimmer | 2/18/1991 | See Source »

...sons of a recently deceased striker and union member at the New York Daily News, we would like to applaud the decision made by Out of Town News not to carry the newspaper while it is being put out by replacement workers ("Out of Town to Stop Selling Daily News," January 23). We are of course still bitter that this newsstand decided to sell The News for almost a month before being convinced by the Newspaper Guild of New York to refuse this "scabloid." Our father, Joel Burstein, a lifelong newspaperman in New York using the name Joel Burton, worked...

Author: NO WRITER ATTRIBUTED | Title: In Memory of a Striker | 2/2/1991 | See Source »

...have a chance to confer with the assistant in advance, of course--and we all like to be called "assistants," not "graders"--you may be able to ferret out one or two cosmic assumptions of his own; seeing them in your blue book, he can only applaud your uncommon perception. For example, while most graders are politically unconcerned, not all are agnostic. This is an older generation, recall. Some may be tired of seeing St. Augustine flattened by a phrase or a phrase or reading about the "Xian myth...

Author: NO WRITER ATTRIBUTED | Title: A Grader's Reply: `It Is Time to Disillusion' | 1/16/1991 | See Source »

...risk that comes with private success is that it gives the Federal Government an excuse to applaud the local initiatives and then bow out. In Washington itself, with a huge homeless population, private groups are struggling to "hold the situation together with gum and baling wire," says Jack M. White Jr. of the city's Coalition for the Homeless. Even Washington's most ebullient convert to the cause -- Housing Secretary Jack Kemp -- is full of ideas but inevitably short of funds. His latest initiative, Homeownership and Opportunity for People Everywhere, would promote home ownership for low- income tenants and support...

Author: /time Magazine | Title: Answers At Last | 12/17/1990 | See Source »

SHOGUN. You paid for the book, you sat through the mini-series, now applaud the costumes, scenery and special effects. Oh, yes, there's also a musical going on, but despite the efforts of an able (and authentically Asian) Broadway cast, the show remains as passive and emotionless as the unseen puppet Emperor...

Author: /time Magazine | Title: Critics' Voices: Dec. 10, 1990 | 12/10/1990 | See Source »

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