Word: crunchings
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...element of surprise that is most unsettling to executives confronted by sudden catastrophe. Says Fink: "The savviest chief executive in the world often falls victim to a kind of paralysis when a crisis strikes." Any kind of conditioning may thus be comforting in a crunch. Says Jean Lipman-Blumen, a professor at California's Claremont Graduate School's Executive Management Program: "The worst part of a crisis is being unprepared. By removing the unexpected quality you are removing that which is most unnerving...
...means test and hopes that his legislation will force a compromise containing that idea, but thinks it will probably have to wait until next year. Meanwhile, no matter what compromise may be reached this year, even if it includes some new taxes that could partly alleviate the budget crunch, the President and Congress face one certainty: whatever they do to reduce the deficit is going to hurt. The crucial question in this election year is: What level of public squawks and protests will they tolerate before they lose the political will necessary to tackle the enormous problem...
That last credential was particularly important, since Dartmouth, like other colleges across the country, was facing the pressures of a cost crunch and a projected dip in enrollment. McLaughlin has responded to the challenge. By last fall he had boosted the endowment from $254 million to $414 million and fattened faculty salaries 33.7%, to a healthy average of $50,600 for full professors. Although applications for the Hanover, N.H., campus were rising to an all-time high of 9,500 for only 1,030 places in the freshman class, McLaughlin pushed the enrollment of blacks; Dartmouth now has a larger...
Communities have taken a fresh look at the idea in part because the budget crunch has forced Congress to reduce federal aid to state and local governments. Faced with that austerity, towns are looking for new ways to reduce their spending. Says Phoenix Mayor Terry Goddard, whose city saves money by hiring companies to perform such services as street sweeping and landfill management: "We're all in a fiscal bind right now, exacerbated by federal cuts and GrammRudman, and it is not going to get better. To a greater degree than ever before, cities are dependent upon their own resources...
...carpet reception for Savimbi, Congress remains uneasy on the question of U.S. involvement in southwestern Africa's complicated political stalemate. House Foreign Affairs Committee Chairman Dante Fascell thinks the chances are "slight to none" that aid for UNITA would survive the Capitol Hill appropriations process. One major obstacle: the crunch on foreign aid imposed by the Gramm-Rudman deficit-reduction...