Word: absorbed
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There are fears that any new surge in interest rates, which many economists predict will occur perhaps as early as the summer, could eliminate one-third of the U.S. thrift industry. That would strain the Government's capacity to engineer the rescue mergers needed to absorb insolvent S and Ls. Says an official at the Federal Reserve: "If rates start to turn up again, then 1982 will be the crunch year. A lot of existing thrifts simply won't make...
...ranging from savings accounts and stocks to insurance. This year several of the largest U.S. companies went further in that direction by moving to acquire investment firms. American Express snared Shearson Loeb Rhoades; Prudential Insurance purchased Bache; Sears reached a preliminary agreement to buy Dean Witter; BankAmerica plans to absorb Charles Schwab...
...make a limited comeback, and those prisons that do offer jobs have too few available and generally pay less than $1 per hour. Undeterred by those difficulties, Burger said, "I cannot believe that this great country of ours-the most voracious consumer society in the world-could not absorb the production of even as many as 100,000 prisoners...
...meaning conversations. Neville Chamberlain went to Munich entertaining that notion. Not every human conflict is ripe to be settled in the court of reason. Still, certain kinds of tragedy have become intolerable in the world as they never were before: the lushly cataclysmic plot development that history could once absorb (even to the extent of permitting two "world wars") will no longer do. When the world has so armed itself as to make the use of those arms a stroke of global cancellation, then the casual "Let's talk about it" takes on a ticking urgency...
...entrepreneurs in Washington, D.C., and Boston are prepared to absorb these slings and arrows for scofflaws. For annual charges, including membership fees, representatives of Washington's Humiliation Elimination and Boston's Ticket Away will pay fines and drive owners to their cars, charging the entire cost to the customer's credit card. In Washington, parking offenders can sip champagne in a chauffeured limousine as they are taken to their lost vehicles at the D.C. department of transportation's impoundment lot. Said a gratified user of the Boston service: "Not only did it save...