Word: brighter
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Frank McNamara Jr. '69 did not come close to unseating House Speaker Thomas P. O'Neill Jr. (D-Mass.) in November's congressional elections, but two Harvard undergraduates are hoping that a computer innovation they developed for the abortive campaign will have a much brighter future...
...plans to produce about 890,000 cars through March, fully 30% more than it turned out during the first quarter of 1982. Said GM President F. James McDonald: "Our dealer-order bank is better than it has been in three years." Ford's forecast is even brighter: its schedules call for a 67% increase in production. Chrysler is expected to make 20% more cars during the period...
...first of a series of high-tech parks has opened, with two genetic-technology firms as the first tenants. Plans for the 1992 World's Fair are under way. Indeed, a local business publication predicts a spirited upturn this year and says the long-term future looks even brighter. Still, in the other part of Chicago, the old world of smokestacks and stockyards, the recession dominates. The city has lost 160,000 jobs in the past decade, mostly in manufacturing. The steel mills that rim Lake Michigan from Chicago to Burns Harbor, Ind., are idling. Giant International Harvester, long...
Vance Bates, 26, had expected 1983 to be kind to graduating Master of Business Administration students. Envious members of last year's M.B.A. crop had advised him that the recession was likely to give way to brighter job prospects this year. But Bates, who will receive his M.B.A. in May and hopes to land a job paying between $25,000 and $30,000 a year, is finding that things seem to have got worse. He has sent letters to 60 employers, and fears that he will have to settle for less than his first choice, commercial banking. Says...
...downturn in U.S. airline history (estimated 1982 industry losses: $500 million), the giant plane builder has reduced its work force by 14,000 as its production of new commercial aircraft dropped to half of its capacity. But now, thanks to some sharp maneuvering, Boeing's prospects are looking brighter. In the past six months, the company's stock has shot up from 15 to 36⅞, and investment analysts still think it is a buy. Boeing Chairman T.A. Wilson is less effusive than the analysts but still upbeat. Says he: "It will take some time for the airlines...