Word: beltings
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...write- off will all but wipe out 1986 after-tax earnings, which had been expected to approach $2 billion. While one spokesman for the Communications Workers union accused the company of "mean and inappropriate" behavior for breaking the news during the holiday season, Chairman James Olson insisted that the belt tightening was necessary to counter growing competition in the communications industry. Said he: "This is no longer the old, stable monopoly business...
...undisputed king of faux jewels is Designer Kenneth Jay Lane, whose styles have made the fakes almost as appealing as the genuine items. Says Lane, who charges anywhere from $16 for lion's-head earrings to $600 for a belt studded with "rubies" and "emeralds": "Every woman wants to be a Cinderella when she puts on jewels. Faux jewelry is like glass slippers. She can look like she's going to the ball even...
...whom he shared those dreams has attained immeasurably more. As a result, says Danny, "I have been living so long with 'Neil Simon's brother' " -- sometimes, erroneously, with "Neil Simon's younger brother" -- "that I'm thinking of changing my name." He adds, with the grin of a borsch-belt comic trying a little too hard, "That always gets a laugh." In fact, there is often a tinge of sadness in Danny's jokes about the situation. He admits, "The more famous Neil became, the more difficult...
...funniest guy I played with was a Harvard grad, Pat McInally ['75]," says Moore. "He'd do anything for a laugh--once Pat walked in to roll call with nothing on but a belt...
These could be snapshots of the American Rust Belt, but in fact the bleak pictures are from Japan. The mighty industrial power of Asia is now reeling from its worst performance in more than ten years. Layoffs, shutdowns, production cutbacks and plummeting profits have infected virtually every one of Japan's manufacturing industries. While service businesses, including banks and insurance companies, are flourishing, one in eight major manufacturers reported a loss for the six-month period that ended last September. Economists predict that Japan's gross national product will grow by just 2.3% for the fiscal year ending in March...