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...classmates enlisted about 400 Harvard-affiliated persons to invest in the cooperative at two dollars a head and opened the "Society"--the nickname, "Coop," didn't catch on for several months--for business at 13 Harvard Row (next to Church Street). The stock of the new store was meager; according to an early history of the Coop by former Business School professor N.S.B. Gras, it offered only "stationery and some second-hand books...

Author: By Michael J. Abramowitz, | Title: 100 Years of Tradition | 9/13/1982 | See Source »

Growth. The economy now seems to be emerging slowly from the sharp recession. G.N.P. plunged 5.3% in the fourth quarter of 1981 and 5.1% in the first quarter of 1982 before rising a meager 1.3% in the second quarter. Private economists generally expect business activity to remain flat or to grow a modest 3% for the rest of the year...

Author: /time Magazine | Title: The Reflections of a Policy | 9/6/1982 | See Source »

...Soviets had signed on for astronomical amounts of grain. The farmers' central problem is that bumper crops and record surpluses have put grain prices at dismal lows. In Kansas, where farmers have just harvested a record wheat crop of 440 million bu., grain is selling at a meager $3.65 per bu., down from $4.05 a year ago and from over $5 in 1973. In Oklahoma, where wheat is selling at $3.20 per bu., farmers invest nearly $6 to harvest each bushel. These are the mathematics of desperation. "The farmer's got his livelihood tied up in a crop...

Author: /time Magazine | Title: Very Down on the Farm | 8/16/1982 | See Source »

...Student Assembly met for the last time in early May, but most of the representatives did not show up. In fact, there weren't enough assembly members present for a quorum, so the body could not even vote on how to dispense of the meager budget it had remaining...

Author: By Jacob M. Schesinger and Steven R. Swartz, S | Title: The Issues of 1982 | 8/13/1982 | See Source »

...confrontation at Iowa Beef, the largest U.S. beef processor, comes at a time of generally quiet labor-management relations in the U.S. The last thing most workers want is a long strike in a deep recession. Many unions are giving back past contract gains or accepting meager wage hikes. Nearly 2 million union members, primarily in the auto and trucking industries, have forgone raises in contracts negotiated in the first half of the year. The Labor Department released figures last week on major collective-bargaining agreements showing that from January to June, average salary increases, including cost of living adjustments...

Author: /time Magazine | Title: Bad Old Days | 8/9/1982 | See Source »

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