Word: absorb
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Dates: during 1980-1989
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...block grants were to be the cornerstone of Reagan's "quiet federalist revolution," in which power would gradually be transferred from overblown federal agencies to state and local authorities. Given greater leeway and less red tape in using federal funds, the Governors were confident that the states could absorb cut backs of 10% without trimming services...
...environmental issue and not a question of defense. The desert environment of Utah is too fragile to absorb the kind of abuse it gets from being the Government's nuclear-waste dump. How can the nation permit a state with five national parks to become the country's outhouse...
...history of mergers is Uttered with both celebrated successes and famous failures. Large companies have often offered special expertise to smaller firms that they absorb. When United Technologies bought Otis Elevator for $500 million in 1976, the parent company's skilled technicians significantly improved the design and manufacture of its newly acquired products. Other mergers have been much less successful. LTV Corp. was one of the highest flying firms of the 1960s, but its forays into businesses as wide-ranging as prescription drugs and sporting goods drove it to the edge of bankruptcy. The company's turn-around...
...since President Reagan took office. When the new Attorney General, William French Smith, asserted that "bigness is not necessarily badness," merger makers saw his words as a green light to corporate takeovers. If the present torrid pace of acquisitions continues, U.S. companies could spend $70 billion this year to absorb more than 2,000 other firms. Says Robert Lekachman, professor of economics at New York's Lehman College: "The Reagan Administration has unleashed the wildest collection of mergers and takeover events since Napoleon conquered most of Europe...
Clausen insists that the U.S. should continue to support the World Bank, if only out of self-interest. Says he: "The stronger those Third World countries become, the more they can absorb our products, and that means jobs at home." About 12% of the U.S. gross national product already depends upon foreign trade, and the figure seems certain to grow still higher by the end of the 1980s...