Word: shocks
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...After taking a master's in journalism from Berkeley, Greenwald added a degree in public administration from the John F. Kennedy School of Government at Harvard. As a reporter and later business editor for the Minneapolis Star, Greenwald focused on economics. Says he: "For many Americans, the 1973 oil shock brought home for the first time the fact that the U.S. economy was vulnerable to conditions in distant parts of the world...
Free prices are only part of the shock-therapy program the Russian government is putting in place. Yeltsin is also introducing a massive privatization of industry, agricultural reforms to break up state farms, and tough new monetary and fiscal policies. Says Jeffrey Sachs, a Harvard economist who is advising the Yeltsin government: "All this is like jumping out of an airplane while you are still sewing the parachute. But they have no choice -- the plane's crashing...
Yeltsin can never forget that the Bolshevik Revolution came to power on Lenin's promise to give the people bread. The shock-therapy program will be under pressure to show some quick results, or popular unrest could grow. An elderly woman begging on a Moscow street corner last week cried, "Please give me some money. I cannot even afford to buy bread now." Yeltsin has given the Russians pain; now he must deliver the gain...
Rochester's loss to Harvard probably wasn't a shock to the team. The Tigers (0-3) were previously shellacked by Providence (10-0) and UNH (7-0), and its 5-1 defeat on Saturday was no different...
...Shock of Recognition...