Word: slacks
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Danny Ainge and Scott Wedman picked up the scoring slack in Bird's absence. Ainge hit a career-high 25 points, and Wedman...
...Hewlett-Packard, an American firm heavily involved with micro-chip technology, recently told a Harvard Business School group that America's share in the global electronics market has dropped from a post-war 100 percent to a current 25 percent, with Japan and other Asian nations picking up the slack. He did not, though, attribute this decrease to the inability of American goods to compete in world markets but to the decline in quality and numbers of science teachers in high schools...
...Among those considered at risk: Pan American, which had $327 million in operating losses last year, the most for any airline; and Air Florida, a onetime highflyer that encountered turbulence after expanding too fast. The test for some carriers could come quickly, since the late winter months are normally slack ones for air travel...
...corporate America. Among the most conspicuous no-shows are major oil companies, whose profits have tumbled along with oil prices. Exxon Corp., the largest U.S. industrial firm, plans to recruit at just 19 schools this season, compared with 50 a year ago. Part of the slack is being taken up by computer and electronics companies, as well as fast-growing younger firms. Says Arthur Letcher, director of graduate placement at the Wharton School: "The Fortune 500 companies are unquestionably not hiring as many students, but small companies in high-technology and health products industries are here...
...economy works. But stagnation and rising unemployment have turned the current economic debate into a brawl. Take Nobel Prizewinner Lawrence Klein, who received the 1980 award for his work in the development of economic-forecasting techniques. Klein, a Keynesian who believes in deficit spending to pump up a slack economy, dismisses the rival supply-side school, which Reagan championed. Supply-siders claim that cuts in tax rates should spur savings and investment and release a torrent of new production. "Our dispute with supply-siders is that their theories are nonsense," retorts Klein. Then he adds, in only partial jest: "They...