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...tidings will probably be grim at least until the middle of next year, according to the consensus of a panel of five leading economists who gathered in Manhattan this month for a TIME economic forum. "We have a moderate, potentially severe recession on our hands," said Allen Sinai, chief economist for the Boston Co. Economic Advisers. "The economy is showing signs of caving in, almost falling off a cliff, as so often is the case once a full-fledged recession begins." If the conditions seem particularly bleak, he noted, "that is because we are in the heart of the slide...

Author: /time Magazine | Title: How Long Will It Last? | 12/31/1990 | See Source »

European diplomats were delighted to find that grim Grom's avuncular-looking successor was pleasant, modest and easy to deal with, even on tough questions. Shevardnadze described himself as a pragmatist: "The Soviet Union is firmly in favor of a solid and honest dialogue," he said. "We are interested in results...

Author: /time Magazine | Title: Shevardnadze: Perestroika's Other Father | 12/31/1990 | See Source »

...major obsession in this city, haunted by memories of a grim 900-day Nazi blockade in World War II, is how to store food supplies for the coming winter. Rationing was imposed last week on meat products, sausage, butter and cooking oil to provide Leningrad residents with what city officials called a "guaranteed minimum" of scarce staples. In one downtown meat store, a middle-aged woman surveys refrigerator cases, empty of everything but boxes of sugared cranberries. "It's unbelievable!" she exclaims. "People continue to produce things, but there is nothing to buy. It's those democrats on the city...

Author: /time Magazine | Title: Wrapped In Cotton Wool | 12/10/1990 | See Source »

...with a grocery list that included such staples as pork, butter and powdered milk. The Supreme Soviet has given Gorbachev two weeks to prepare emergency measures to ensure that the state receives ample supplies of food from producers. Meanwhile, grumbling consumers have no choice but to continue playing the grim new national sport: scavenger hunting...

Author: /time Magazine | Title: Soviet Union Give Us Our Daily Bread | 12/3/1990 | See Source »

Even after complications develop, the prognosis is not unrelentingly grim. Laser surgery is saving eyesight. Bypass surgery is salvaging hearts and feet. Dialysis machines and organ transplants are pinch-hitting for nonfunctioning kidneys. Most important, insulin pumps and home-monitoring kits are enabling diabetics to control their blood-sugar levels more precisely than ever before. With good control, diabetic women, once cautioned not to have children, are now delivering healthy babies. Says Dr. Gordon Weir, medical director of the Joslin Diabetes Center: "Patients are finally tuning in to the fact that high blood sugar is serious business...

Author: /time Magazine | Title: Health: Diabetes A Slow, Savage Killer | 11/26/1990 | See Source »

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