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Relatively nonpartisan economists are less concerned about inflation than they are about the threat that a rapid recovery will cause a collision between the borrowing needs of business to finance rising output and the demands of Government for borrowing to cover deficits. This would force up interest rates enough to make the U.S. recovery self-destruct-to say nothing of the baneful effects of high American interest rates, and the concomitant strength of the U.S. dollar, on foreign economies (see ECONOMY & BUSINESS). The speed of the recovery indicated by the latest unemployment figures, says Lawrence Chimerine, chief economist of Chase...
...rapid decline of the once mighty American steel industry has made messes out of thousands of lives. Workers who have lost their jobs must often cope not only with disruption and financial strain but also with intense emotional turmoil. One steelworker spent nine days in bed after being laid off. Some berate spouses, drink destructively, abuse children or even try to kill themselves. Wives sometimes become hysterical. One unemployed steelworker's family sought counseling because its child had stopped speaking...
...precocious Alice that retains her youthful naivete the entire evening, her strong voice is captivating though she occasionally strains to hit high notes. Brenneman especially shines in her solo, "Who Stole the Tarts," a song about the procedings of her trial as a pastry thief. In an amazing rapid-pace monologue, she imitates all the other characters at the trial, as she darts about the tree-stump proscenium...
...RADACADS (Radical Academics) vow to expose the ways of the Harvard Administration until the banner is paid for or returned. We call on others who have been harassed to contact us so that we may add to our forthcoming compilation of examples of political harassment. There will be a rapid escalation of exposure of the Harvard Administration in the coming months. Only in this way--not by the old idealist arguments for free speech--will revolutionary and progressive groups be relieved of a pattern of political repression. Henry C. Park '84 RADACADS spokesperson
Lehman Bros, had lost $18 million and was near bankruptcy when Peterson joined it as vice chairman in 1973. He quickly moved up to chairman and embarked on cost cutting and rapid expansion. In 1977 the company merged with Kuhn, Loeb & Co., a 1,200-employee investment-banking house with $12 million in capital. Lehman Bros, now ranks as Wall Street's sixth largest firm and has more than 3,000 employees. The company earned about $140 million before taxes in fiscal 1982, and has already topped that this year...