Word: abandons
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...last week unveiled a sweeping reorganization program. The Los Angeles-based concern (1984 sales: $25 billion) announced that it will shed all its refining and marketing operations east of the Mississippi, including 1,100 gas stations. The company also intends to pare down spending on exploration by 50% and abandon its copper and molybdenum businesses. More dramatically, ARCO's board of directors voted to increase significantly the firm's long-term borrowing. As a result, total indebtedness could reach more than 50% of the company's net worth. With the additional funds, ARCO plans to buy back...
When Washington first imposed a trade embargo on Cuba in October 1960, it hoped to force Havana to abandon Marxism. Today, nearly 25 years later, the Cuban government is still Marxist, and it is one of Moscow's closest allies. The example is mentioned by Carmelo Mesa-Lago, director of the Center for Latin American Studies at the University of Pittsburgh, as evidence that trade sanctions are at best only temporarily damaging. In the long run, he believes, the embargo against Nicaragua "will not work. History shows it did not work in the case of Cuba...
Although Fox said that he hopes students would not rely on the decisions of earlier generations in abandon the CRR, some students said they still favor a boycott...
...such wanton abandon were once again prohibited, Epps says, "it might improve people's GPAs." Of course, he adds, colonial Harvardians didn't always heed these rules. "During those days people did the most awful things in their rooms, like drinking grog and smoking things out of far-eastern pipes...
...other less severe measures. Yet in many places where the prison problem is worst, there has been stiff resistance to laws which would incarcerate only violent criminals. In staunchly liberal Washington, D.C., where inmate overcrowding has been a notorious problem for years, public pressure recently forced the city to abandon plans to stop locking up non-violent criminals in favor of building a new federal prison...