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...That grim prospect will further dampen what is already shaping up as the weakest U.S. upturn since World War II. "Even if there were no recession, there would still be massive layoffs," says Hugh Johnson, chief economist for the New York securities firm First Albany. "People are going to lose their jobs, and they are not going to be rehired." Concurs Allen Sinai, chief economist for the Boston Co. Economic Advisers: "The name of the game is to hold down the nose count...

Author: /time Magazine | Title: The Economy Permanent Pink Slips | 9/9/1991 | See Source »

After the Bay of Pigs, and with tension rising in Berlin, John Kennedy went to Vienna believing that he could find some agreement with Nikita Khrushchev on how to reduce the threat of nuclear war. Instead he drew blank stares and threats. Throughout that grim summer Kennedy would talk to friends about Khrushchev's seeming indifference to the specter of millions of people dying in a nuclear exchange. "I'd never encountered anybody like that before," Kennedy mused...

Author: /time Magazine | Title: The Presidency: Rebuilding a Moral Framework | 9/9/1991 | See Source »

...grim day for CBS chief executive Laurence Tisch. News writers were on strike against his network; employees were up in arms over another round of layoffs; criticism in the press was mounting. Now, on this March morning in 1987, Tisch opened his New York Times to see an op-ed piece signed by none other than Dan Rather, bitterly attacking the Tisch-instigated news cutbacks. The Washington Post offered yet another litany of complaints from news staffers about the cost cutting...

Author: /time Magazine | Title: See How They Run | 8/12/1991 | See Source »

...hajj, the annual Muslim pilgrimage to the holy cities of Mecca and Medina, may be spiritually uplifting, but it has often proved physically dangerous. The grim toll...

Author: /time Magazine | Title: Saudi Arabia: Pilgrims' Plight | 7/22/1991 | See Source »

...countervailing claims of federation vs. separation are too inimical to settle any other way than by the gun. But even the most ardent of the antagonists still has time to consider whether the Yugoslav parties can solve the problem through peaceful dialogue. The prevailing mood last week was grim. A cease-fire brokered by the European Community came and went. Another, negotiated a few days later by the Yugoslavs themselves, held into the weekend -- but only barely. As many as 180 army tanks and armored vehicles that drove out of the federal capital of Belgrade shortly before the new cease...

Author: /time Magazine | Title: Yugoslavia Out of Control | 7/15/1991 | See Source »

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