Word: grimness
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...point for creditors to keep the paper open if it cannot generate cash. It could become an all-digital property, as supporting a daily circulation of more than 300,000 is too much of a burden. It could survive if its rival, the St. Paul Pioneer Press, folds. A grim race...
Harvard affiliate Beth Israel Deaconess Medical Center announced last week that it will consider layoffs to cope with grim financial projections. The hospital announced an anticipated $20 million operating loss for the fiscal year beginning next October, due in part to a projected decline in number of patients. The hospital hopes to break even, under best case scenario projections, for this fiscal year. The announcement is a marked departure from previous predictions of Beth Israel’s CEO, Paul Levy, who said in an interview last month that “we have chosen not to do layoffs...
...regional economic conditions, is not normally a document that most people peruse even in the best of periods. Now that the bad times are upon us, however, many might see such a report - which states that the economic deterioration was "broad based" - as an exercise in masochism. (Read "A Grim Job Outlook for College Seniors...
...seen uneven application numbers this year. Lance Choy, director of the career development center at Stanford, notes that grad schools were a popular backup a few years ago during the dotcom bust, but applications are flat this year. "Who needs more debt when the job market is looking rather grim?" he says. (Read "Finding a Dream Job: A Little Chaos Theory Helps...
...former head of its State Food and Drug Administration, for accepting $850,000 in bribes from drug companies. In January, a Chinese court sentenced two people to death in the melamine milk-poisoning scandal. But China's health ministry acknowledged over the weekend that the food-safety situation remains grim...