Word: gordon
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Dates: during 1990-1999
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...Final Clubs aren't really your scene, try your luck in another meet market. The Office of Career Services and Harvard Student Agencies are putting on the 17th Annual Career Forum Chat with representatives from more than 120 companies who sweat you hardcore. 10 a.m. to 4 p.m., Gordon Track and Tennis Center, 495-3030. FREE...
...Zealand, started off the weekend well for the team, knocking off Dart-mouth's Allison Taff, the number-two seed in the B flight. Broughton squeaked through the first set in a tiebreaker, 7-3, then dropped the second 1-6. After some words of wisdom from Coach Gordon Graham, she smoked Taff 6-0 in the third...
...Robert Gordon, who occupies the prestigious Stanley G. Harris chair of economics at Northwestern University, thinks profits may be hit even harder, though he offers no numbers. His explanation: labor shortages caused by the past boom are still severe and likely to remain so even with a slowdown in the growth of output. That condition will push up wages faster than companies will be able to raise either prices or productivity--that is, output per hour. Productivity is in fact already sliding, as it usually does at this late stage of a business expansion, the increasing computerization of the economy...
...Gordon, however, points out that if wage increases cut into profits, that is good news for workers, at least those who stay off the unemployment lines. Labor is likely to recapture some of the share of national income it lost to profits in the early '90s. To the extent that wage increases run ahead of price boosts, workers' real incomes will also rise absolutely as well as relatively. And that is likely to happen, despite the fact that most of the economists expect inflation to quicken a bit from its current astonishingly slow pace--an annual rate of less than...
...some hopeful talk of a coordinated cut in global interest rates. But Greenspan promptly denied that any such move was afoot, and the TIME board thinks he is only being realistic. "The main decision makers are focused in totally different directions, and there is no incentive to coordinate," explains Gordon. The German Bundesbank, for example, is preoccupied with smoothing Europe's conversion to a common currency, the euro, and Japanese interest rates are already so close to zero that the Bank of Japan thinks it has no room to maneuver...