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...that Chrysler would lose only $482 million in 1980. Instead, the losses ran to $1.7 billion, much higher than 1979's record $1.1 billion deficit. The company was hemorrhaging cash. Just in time, the K-car caught on; in its first year, it won more than 20% of the compact-car market. Despite this, Chrysler's survival continued to be a week-by-week proposition throughout 1981. The losses were lower, if still unspeakably high: "only" $475.6 million. lacocca and other executives periodically braced themselves for "drop-dead dates," deadlines when, the accountants calculated, accumulated expenses would overwhelm the amount...

Author: /time Magazine | Title: Iacocca's Tightrope Act | 3/21/1983 | See Source »

...separate and distinct automobile for every price category. Since Chrysler can no longer afford the $1 billion it costs to build an entirely new model, it will eventually have to use its basic model, the K-car, as the building block for each of its four car sizes: subcompact, compact, intermediate and full size. Thus buyers have to be re-educated not to mind that their luxurious Chrysler may have started out as a lowly Plymouth...

Author: /time Magazine | Title: Iacocca's Tightrope Act | 3/21/1983 | See Source »

...well-publicized moves. White proposed a policy of increased police visibility, inaugurated commission to deal with the problem of the homeless, proclaimed the success of property revaluation and cable television installation, and introduced the "Boston Compact," a program to provide jobs for area high school students...

Author: By Michael W. Hirschorn, | Title: Seven Candidates Heating Up Race for Boston mayor's Seat | 2/23/1983 | See Source »

Kraus is above all an administrator, who sees efficiency as a crucial element of his "compact with the voters." "You are witnessing one of the failures of that compact," he says point to the open windows in his overheated fifth-floor office. Grinning, Kraus explains the state renovated the building a few years back and put the heating system on the roof, where it must fight the natural tendency of heat to rise and force water down five floors into the freezing basement. It is with that kind of administrative inefficiency that Kraus feels his experience at GSAS best equips...

Author: By Dean R. Madden, | Title: Mr. Kraus Goes to Boston | 2/18/1983 | See Source »

Cicero is a compact community, just 5.5 sq. mi. Its squat houses were mostly built between 1910 and 1940, when thousands of East European immigrants swarmed in to take factory jobs. Today Cicero's tidy yellow-brick houses are owned mainly by the thrifty children and grandchildren of thrifty Poles, Czechs Lithuanians and Yugoslavs...

Author: /time Magazine | Title: Jim Crow Lives On in Cicero | 2/7/1983 | See Source »

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