Word: moribundity
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Only a decade ago, however, Massachusetts was moribund, the archetypal Frost Belt state frozen in a dead-end past. Its jobless rate was higher than any other industrial state's; plant closings and layoffs were epidemic; deficits deepened. Textile mills and shoe factories became abandoned shells, their great machines rusting. Taxachusetts became the state's unofficial nickname, and businesses, feeling oppressed by heavy levies, were clearing out for more hospitable climates...
...happened so fast. One minute, the long-cherished dream of streamlining and simplifying the cumbersome U.S. tax system seemed moribund, unable to withstand the hordes of lobbyists and influence peddlers arrayed against it. Then, shortly after midnight last Wednesday, the entire Senate Finance Committee was on its feet roundly applauding the chairman, Oregon Republican Bob Packwood. In the committee's offices down the hall, jubilant committee staffers uncorked a case of champagne. In an auditorium downstairs where the deliberations were heard on an intercom, an overflow crowd of lobbyists hissed...
These blows left nuclear power moribund, like a patient who needs a respirator in order to survive. Now many fear that the accident at Chernobyl could prove to be the event that pulls the plug. "We're in trouble," conceded Carl Walske, the president of the Bethesda, Md.-based Atomic Industrial Forum, the lobbying group that speaks for the industry. "Before the accident, we could visualize the resumption of orders within about five years. We are still hoping that this will occur, but we expect that there will be some negative effect from a setback like this. If the calls...
Sweet as Aquino's victory was, the morning after for her fledgling government came all too soon. The triumph over Marcos may soon seem easy, compared with the tasks ahead. The once promising Philippine economy is moribund. The military is factionalized and riddled with corruption. A Communist insurgency mounted by the New People's Army threatens large areas of the 7,100-island archipelago. To this staggering array of ills, Aquino brings a moral force and a popularity that will buy her the indulgence and goodwill of the Filipino people, at least for a while. "There are big problems...
During the record-smashing Wall Street rally that started last fall, even the long-moribund technology stocks have come back to life. Since October, according to the California Technology Stock Letter, shares in its index of 30 high-tech companies have climbed about 22%. Cashing in on that market strength, Microsoft, the second-largest independent manufacturer of computer software (1985 revenues: $163 million), announced last week that it will make an initial public offering of 2.5 million shares in March. The Bellevue, Wash., company hopes to garner $16 to $19 for each share. Microsoft may serve as a bellwether...