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...billion to $38 billion and a 1981 surplus of $16.5 billion. But with unemployment soaring and tax receipts slumping, those optimistic targets now lie hopelessly beyond reach. As a result, the 1980 deficit is currently projected to be $60 billion, followed by at least another $27 billion in red ink next year...

Author: /time Magazine | Title: Business: Some Interest Rate Roulette | 7/28/1980 | See Source »

That was the way an envious competitor described Harper's at the start of the Civil War. Since then, however, it has rarely been popular or profitable. Founded by four brothers in New York City, Harper's has spent most of its 130 years awash in red ink, losing $1.3 million annually since 1977. Last week America's oldest monthly received its long-feared death notice. Said Otto Silha, chairman of the parent Minneapolis Star and Tribune Co.: "It was no longer desirable for the company to support its operation in the light of increased costs...

Author: /time Magazine | Title: Press: A Senior Citizen Succumbs | 6/30/1980 | See Source »

...taking, the Soviet system rewards caution and conformity. Any plant manager who might be interested in experimenting with new ways of doing things runs the risk of failing to meet his assigned production or delivery quota, as traumatic a worry to a Soviet manager as the fear of red ink is to an American corporate executive. Observes Haverford College Sovietologist Holland Hunter: "Everyone finds the traditional way of doing things-no innovation-the most congenial. The supreme challenge is not to rock the boat. New styling or technology would require change, and that would inevitably mean at least some faltering...

Author: /time Magazine | Title: Business: Pitfalls In the Planning | 6/23/1980 | See Source »

...Smith. A year later, the Great Depression was on. On the day of the Stock Market Crash there were no Transcripts or Travelers left in the Business School dining hall. Those businessmen, including President Hoover's youngest son, Alan, snatched them up e'er the ink...

Author: By Karl S. Nash, | Title: 50 Years Later, the Gang's All Here | 6/3/1980 | See Source »

Corporations, however, have a host of signs to separate the wheat from the chaff among those climbing the corporate ladder. Bank of America employees, for example, know that they have made it when they are given stationery with the bank's logo in gold rather than black ink. One of the most elaborate status classifications is at Ford, where employees are graded on a scale of 1 (clerks and secretaries) to 27 (chairman of the board). Grade 9, the lowest level of executive, carries the right to an outside parking place, while Grade 13 brings a larger office, windows...

Author: /time Magazine | Title: Business: Top-Dollar Jobs | 6/2/1980 | See Source »

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