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James Caragianes, a community activist in the Cambridgeport neighborhood, which borders Central Square, said, "Residents are getting a little hot under the collar--in fact, they're getting about ready to explode...

Author: By William E. Mckibben, | Title: Residents Complain About Central Sq. | 5/13/1980 | See Source »

...across the country, from the aging industrial centers of the Northeast to the suburban sprawl of the Southwest, pink unemployment notification slips are beginning to turn up in pay envelopes. When blue-collar employees get the news, employers normally say that those being laid off are made "redundant." But when announcements of wholesale dismissals of excutives are made, the gentler euphemism of "furloughing" is usually used...

Author: /time Magazine | Title: Business: An Unemployment Wallop | 5/12/1980 | See Source »

...industries, are already reeling. In Detroit, where unemployment now stands at over 15% and automakers' sales are running 16.6% below 1979 levels, factory workers and executives are both getting the ax. Chrysler has already laid off over half its factory work force, and is now cutting its white-collar staff to 65% of last year's levels. The number of total employees last week had shrunk from 130,700 a year ago to 89,900. Ford expects to let over 10,000 of its 67,000 U.S. technical, administrative and sales people go by summer...

Author: /time Magazine | Title: Business: An Unemployment Wallop | 5/12/1980 | See Source »

Unlike blue-collar workers, who know that when the economy perks up the companies will usually call them back, executives have no such assurance. Says the Dearborn, Mich., executive recruiter William Tripp, who has been swamped with applications from furloughed automen: "These layoffs look a lot more permanent than in 1974. The industry is really retrenching, and a lot of people just are not going to be asked back...

Author: /time Magazine | Title: Business: An Unemployment Wallop | 5/12/1980 | See Source »

...land in the Alewife area and commit the city to renovations such as paving streets, installing lights and fixing drains. The chief objection to it came from Councilor David Sullivan, who says, "the city has an affirmative duty" to shape economic development in an effort to maintain blue-collar industry in the city. High-tech industry is fine, so long as traditional industry also expands, he adds. "There is a real risk of gentrification in the city's work force. The jobs that will be provided could go overwhelmingly to college people," Sullivan says, adding that economic growth should...

Author: By William E. Mckibben, | Title: Trouble Developing? | 5/6/1980 | See Source »

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