January 23, 1989

LEAD: It is a small place: only 13 beds, a picnic table and a television set. The men who live there watch ''Good Morning America'' or the ''Today'' show in the morning and the 6 o'clock news in the evening. The way officials describe it, it is almost like living in a fraternity house.

LEAD: As Eastern Airlines and the machinists' union continue their bitter fight over wages and working conditions, some airline industry analysts and executives are beginning to ask whether the carrier has reached a point from which it cannot emerge in a financially sound condition -even if labor peace is eventually achieved.

LEAD: President Bush's pledge Friday to bring down the Federal budget deficit embraced a central orthodoxy of the 1980's, that large deficits are harmful. But gaining credence are opposing views, that the deficit is not such a problem after all and is certainly not an agent of imminent doom.

LEAD: Carl (Moon) Mullins, a black man who came here 40 years ago from rural Georgia, found success and owns a string of shops. But he said he also found blacks being treated as second-class citizens, and that he discourages his 12 children from building their lives in Miami. ''I just don't see a future for them here, not here,'' he said.

LEAD: The Texas Eastern Corporation, trying to fend off an unwanted $2.6 billion takeover bid from the Coastal Corporation, said yesterday that it was preparing to talk with other potential buyers.