Word: bleak
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Dates: during 1980-1989
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Prompted in part by the gyrating market and bleak sales prospects, Chrysler and General Motors said they would accelerate their cost-cutting campaigns. Noting that some people may now decide to put off the purchase of a car, Chrysler Chairman Lee Iacocca announced that his company would speed up previously planned efforts to reduce its payroll. Iacocca intends by the end of the year to trim 3,500 white-collar employees from Chrysler's salaried work force of 38,000. In addition, the company will suspend production at an assembly plant in St. Louis for two weeks this month...
...Life is bleak, I thought. Then...
...depressed. He had spent 18 months laboring on a state farm in the Arctic, convicted by a Soviet court of being a "social parasite." Released but still convinced that his mission on earth was to write rather than surrender his skills to the dictates of the state, he faced bleak prospects: the official campaign to discredit him had taken on undertones of anti- Semitism, and his work was being subjected to the annihilating silence of suppression. So he composed "The End of a Beautiful Era," a poignant elegy on past illusions with a mordant conclusion about the future...
While painting this bleak picture of the American economy, Thurow said last week's stock market crash was a symptom of the underlying instability produced by our trade deficit. He said the stock market was overvalued, and crashed because of government policies designed to hold off a worldwide economic collapse...
While the Crimson's chances of capturing the Ivy League crown seem bleak, the stickwomen are still very much in the race for the Boston Four title with a 1-1 record...