Word: dismalness
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Only an ailing economy, dismal polls and a G.O.P. revolt...
...best-known Harvard names is Baker Professor of Economic Martin S. Feldstein '61, who was a close runner-up in the search for a Harvard president. During Ronald Reagan's first term. Feldstein chaired the Council of Economic Advisers. Now, he indoctrinates undergraduates with his conservative spin on the dismal science in "Ec 10," the introductory economics class that is usually the largest course at Harvard...
Right now it isn't. Only 33.2% of U.S. 18-to-21-year-olds voted in the last presidential election. That dismal turnout continued a steady decline since 1971, when the 26th Amendment lowered the voting age to 18. In that year 48.3% of the eligible young cast a ballot. Says Sanford D. Horwitt, director of the Citizen Participation Project for People for the American Way: "It's as though someone has done a very successful 'Just Say No to Politics' campaign...
Once upon a time, in the heyday of junk bonds and booming real estate markets, big money developers sank fortunes into gleaming urban skyscrapers that stood as proud tributes to an age of avarice. Today a dismal economy has left many of these office towers half full and their developers slumping toward insolvency. Chief among them is Olympia & York, which made a grim return engagement in bankruptcy court last week, this time in Britain. The Canadian real estate giant sought protection from creditors of its London Canary Wharf project. No expense had been spared in this spectacular 71-acre building...
Needless to say, this infantile finger-pointing is not going to improve the dismal state of race relations in America. Blame Congress, blame Reaganomics, blame the conservative Court, blame the fascistic cops, blame the unruly rioters until you're blue in the face--the fact remains that Americans of different skin colors are not getting along with each other very well...