Word: masotti
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...average U.S. company is so loaded down with loans that it must spend fully 50% of its pretax earnings on interest payments, vs. 32% in 1980. "The major issue facing the nation is that people and companies can't live off debt indefinitely," says Louis Masotti, a professor at the Stanford and Northwestern business schools...
...redemptions among dozens, among hundreds. Downtowns are being preserved, piece by piece, and have been rediscovered, city by city, as places to live as well as work. "Almost every city, down to the third tier -- places like Dayton and Toledo -- has done something," says Northwestern University Urbanologist Louis Masotti. "It's not a fad. It's a demographic phenomenon. The 1980s have been the decade of the cities' revival...
...number of people ages 16 to 24 dropped from 37 million in 1980 to 34 million in 1986. While the economy has grown at a 3% rate since July 1986, the number of young people in the summer labor force has stayed the same: about 26 million. Says Louis Masotti, a political scientist at Northwestern University: "What we have is a burgeoning service economy that has walked right into the face of a declining demography...
Hardly a week passes during which the Vrdolyak forces do not try to embarrass the mayor. Or vice versa. "Neither side is willing to let the other side look good," says Northwestern University Urbanologist Louis Masotti. The polarizing, paralyzing power struggle appears likely to continue at least through the next mayoral election in 1987. But as Masotti warns, "Winning in 1987 may be an empty prize if our schools are in disarray, our social services deteriorate and our crime gets out of control." -By Kurt Andersen. Reported by Lee Griggs/Chicago
...prospering, the other increasingly depressed. For the latter, officials are trying to speed up a successful shift from heavy industry to a finance and service economy. "Chicago has known for 25 years that its future was not going to be based on steel mills or stockyards," says Louis Masotti, a Northwestern University political scientist. "What is happening is a realignment of priorities and of purpose...