Word: toughers
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Dates: during 1980-1989
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Riesman predicted that "all of academia is likely to suffer" if the mandatory age were abolished. He says that while Harvard may suffer less, small liberal arts colleges will face a tougher time because they tend to have more tenured faculty...
...Administration has already begun to adopt a tougher posture. Washington has given the twelve-member European Community until Jan. 30, for example, to settle a trade dispute involving the loss of U.S. grain markets in Spain and Portugal. Failure to meet the deadline will mean automatic 200% U.S. tariffs on a number of European products, notably wine, liquor and cheese. The problem is that the Europeans have promised to retaliate in kind, meaning that a major or minor protectionist trade war might already be in the offing...
...most corporate managers, the very mention of Carl Icahn's name is enough to cause shudders. But USX Chairman David Roderick may be tougher than most. Last week, after a three-month battle to gain control of the largest U.S. steelmaker, Icahn abruptly gave up, outmaneuvered by Roderick. The corporate raider and TWA chairman had been unable to raise the $10.5 billion needed to capture the company. Says Joachim Schnabel, investment officer for the College Retirement Equities Fund, which holds more than 2 million USX shares: "You have to credit USX management for not caving...
Cleary said, "I think [this year's Harvard squad] is every bit as good as last year's. But I told the team, it's a lot harder to stay [Number One] than to get there. It gets tougher because everybody wants to be the team to knock off an undefeated team...
...Other miners have not been as lucky as Olebogeng. Faced with more than 700,000 unemployed blacks at home, South Africa is slashing the influx of migrants and hiring more locals. Cutting back jobs is also Pretoria's way of exerting pressure on neighboring black states that have urged tougher economic sanctions against South Africa. Hundreds of miners from Mozambique, for example, will not return...