Word: pinches
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...knew the name was good for something--a recent study by researchers at Michigan State University concluded that this year's graduating seniors will face the worst job market in at least two decades. Career advisors here, however, promise that Harvard students won't feel the pinch too much. "In what seems to be a gloom and doom year for recruiting, the Harvard students definitely seem to have an advantage," says Judy Murray, recruiting coordinator for the Office of Career Services...
Here's an axiom of the new budget math for state officials: '80s into '90s won't go. For much of the past decade state budgets were pushed into the black by a buoyant economy that kept tax revenues pouring in just fast enough. In a pinch, states could unveil a new lottery, nudge up the sales tax or practice the kind of creative accounting that shifts one year's outlays into the next. But with the economy slumping and voters raising a fuss at the very whisper of new taxes, the assumptions of the '80s are not working anymore...
...consumer confidence has fallen to its lowest level in 44 years. In a national survey of 500 consumers conducted last week by the Leo Burnett advertising agency, 82% said the economy was in worse shape now than it was a year ago, while 40% said they were feeling the pinch themselves...
...been bought in London for $225,000 in 1989 by a Canadian speculator with Hong Kong money. Then the owner consigned it for sale to a New York gallery, where it hung for some weeks with a price tag of $650,000 on it. No takers. Feeling the pinch, the owner sent it to Sotheby's, which put what it took to be a conservative estimate on it: $350,000 to ; $450,000. But now, not a paddle moved. After some moments of embarrassment, John Marion, chairman of Sotheby's North America, who had been working the room all evening...
Even after complications develop, the prognosis is not unrelentingly grim. Laser surgery is saving eyesight. Bypass surgery is salvaging hearts and feet. Dialysis machines and organ transplants are pinch-hitting for nonfunctioning kidneys. Most important, insulin pumps and home-monitoring kits are enabling diabetics to control their blood-sugar levels more precisely than ever before. With good control, diabetic women, once cautioned not to have children, are now delivering healthy babies. Says Dr. Gordon Weir, medical director of the Joslin Diabetes Center: "Patients are finally tuning in to the fact that high blood sugar is serious business...