Word: stagnant
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Hupert said that he had been inspired by a letter the Czech students sent the Medical School. "They basically said. 'We need help. We've been stagnant for forty years,'" Hupert said...
Employment is also a great problem. Nearly 40% of the Soviet emigres are trained in engineering, medicine and science, skills that could resuscitate the nation's stagnant economy. But the small number of universities and medical centers are swamped with applicants, forcing many Ph.D.s to take jobs sweeping streets and waiting tables. Few additional jobs can be created without overhauling the highly regulated economy, with its small industrial base and crushing taxes...
...asked to name the world's fastest-growing market for imported cars, few people would give the right answer: Japan. Over the past four years, imports of foreign cars there have been rising at annual rates of around 35% in a generally stagnant market. This year the Japanese will buy more than 230,000 foreign-made cars; by 1995 the number could double, accounting for 10% of total annual sales and about the same level of penetration as Japanese carmakers now have in Europe...
Richard McKinnon of Congress Group Ventures, which is building a hotel and housing complex in the North Point region of East Cambridge, said that the tunnel alternative would destroy his plans to redevelop the economically stagnant neighborhood...
...London developers are feeling nostalgic about the mid-'80s, when the economy was growing and money was flowing freely. Today real estate firms in Britain are confronting base interest rates of 14%, stagnant growth and a lingering hangover after years of overbuilding. Commercial rents in London, which reached about $130 per sq. ft. a year ago, have fallen nearly 25% since then. Chris Walls, a property analyst at Salomon Brothers in London, predicts that rents will decline to less than $100 per sq. ft. by the end of the year. The vacancy rate in central London is 11%, up from...