Word: gloom
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...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...
Still, amid predictions of gloom and doom at other colleges, Harvard set a new record last spring by awarding $29.5 million in grants and $53 million in total financial aid, according to Miller...
...boss had tried to buck up their flagging spirits the day before his television address with an unsentimental farewell chat in the Kremlin office, assuring them that they need not worry about the future. As a participant put it, "The moment anyone was tempted to give way to gloom and doom, he just would not allow it." But those who could read Gorbachev's lexicon of looks saw something more going on last week behind the remarkable show of self-control. The brilliant sparkle in his eyes that used to keep visitors riveted in place seemed to flicker out. Confided...
...where does the original gloom come from? The question is all the more puzzling when you consider that historians are sure to write of 1991 as America's best year since 1945. (They are not deflected from such judgments by GNP declines of 0.76%.) The year began, after all, with the most smashing military victory this side of Agincourt, a victory that demonstrated not just American military prowess but also diplomatic skill, technological pre- eminence and national will. And the year ended with the collapse, indeed the total evaporation of America's most implacable foe, a global giant that...
North Korean Prime Minister Yon Hyong Muk sounded anything but upbeat as he described the mood of "gloom" after 15 months of fruitless discussions between Pyongyang and Seoul. But at the fifth round of talks last week, Yon's spirits took a sudden upturn when his South Korean host and counterpart, Chung Won Shik, dropped an unexpected secret: removal of the last American nuclear weapon on Korean soil was complete. That announcement, long sought by Pyongyang, broke the negotiating logjam. Twenty hours later, following an all- night session, the two sides announced agreement on a nonaggression accord that in effect...