Word: gloom
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Dates: during 1990-1999
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...LITTLE ADDENDUM: Last week, George Bushannounced his new budget proposals, complete withan unprecedented $400 billion deficit. It markedan unabashed return to the free-spending 80s, abold negation of the economic gloom-and-doomers, arevisionist affirmation of the culture of partyingnow and paying later. Good boy, George. Wilcome tozah Nahntees.Honest Abe and an honest (five) bucks...
...with the knowledge that its problems arise largely from its reabsorption of the former East Germany, where many of the old centrally directed enterprises stand idle and official unemployment nears 12% -- not counting another 2 million workers in part-time, make-work jobs. Few Germans seem steeped in the gloom that prevails elsewhere: the economic and social costs of unification will be paid off in due course, and opinion polls indicate most citizens think that will be soon...
...Whining" hardly captures the extent of the gloom Americans feel as the current downturn enters its 18th month. The slump is the longest, if not the deepest, since the Great Depression. Traumatized by layoffs that have cost more than 1.2 million jobs during the slump, U.S. consumers have fallen into their deepest funk in years. "Never in my adult life have I heard more deep- seated feelings of concern," says Howard Allen, retired chairman of Southern California Edison. "Many, many business leaders share this lack of confidence and recognize that we are in real economic trouble." Says University of Michigan...
...perceptual sense, the gloom is deeper because this time unemployment has hit an influential and vocal class of managers and other white-collar workers. "So many of us are seeing our peers thrown out of work," says John Rogers, who runs his own Chicago investment firm. "That's what's so frightening...
...many of our readers, a fair sample of TIME employees spent New Year's Day watching the back-to-back bowl games. We could do so confident in the knowledge that senior writer John Greenwald was hunched over his desk, writing this week's cover story on the economic gloom pervading America. Since 1981, ( John has brought diligence, common sense and level-headed analysis to TIME's coverage of a very turbulent economic period. Last week, though, he was struck that Americans feel the pain of this recession so keenly. "This one is different," he says. "The causes lie deeper...