Word: roach
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Dates: during 1990-1999
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...Stephen Roach, economist at the investment firm of Morgan Stanley...
Kennedy's belief that a growing economy helps everybody to a more abundant life has been gospel for three decades. But Roach's opinion better describes today's reality: the closer one looks at the three-year-old recovery, the more it appears to be unlike any in recent memory. It is a split-level surge in which mass layoffs are continuing side by side with new hiring and heavy overtime; high-income people are making more money, while many others are working at worse jobs for lower wages than a few years ago and still others have seen...
...like them to make a definite statement onthe future of the department," says concentratorGenevieve Roach '94. "I'd like them to tellfreshmen as well as other undergraduates thatthere will be a linguistics department where theycan study linguistics as an autonomousdiscipline...
...economic growth, has gone largely for computers and other labor-saving devices rather than for job-creating new factories and machinery. "The fixation of the moment continues to be on downsizing and cost cutting, whether it's through machines or layoffs, and that fixation remains very intense," says Stephen Roach, co-director of global economic analysis for Morgan Stanley. "I don't think it's going to subside...
...damper on new jobs. Jones noted that many operators of medium-size companies, which have traditionally been job creators, are "close to seething with anger" over proposals the Administration is pushing. Among them: levies on business to finance such programs as job training and health-care reform. Roach called such schemes "nothing more than a thinly veiled hiring...