Word: absorber
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Dates: during 1990-1999
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Unfortunately for several new Members of Congress, the House Democratic leadership showed little interest in protecting its party's weaker links. Instead of letting the more entrenched incumbents absorb the budget backlash, House leaders put the onus on fledgling representatives who were already in trouble...
...great freight routes, which bear 90% of the business of the 535 surviving railroads, are all profitable these days. They make up a $27.5 billion industry that nets $1.95 billion and can easily absorb the $200 million damage from the Midwest flood that inundated 500 miles of track and caused 1,000 trains to be rerouted. Emerging from a century and a half of wild venture, corruption and the suffocating hand of government, they are a gathering economic force, destined to get stronger in a transport picture dotted with troubled ships, planes and trucks...
...Senator Simon, Mr. Turner and their boosters to claim that TV causes random violence, they must plumb the depths of cynicism. Young people do perceive "the violent message" of television, but they are too stupid to absorb anything else, even if it is just as obvious. This comes from men of a generation, which relies on its children to operate its VCRs...
...university has a 12% stake in Marriott preferred shares, worth about $35 million. (Incidentally, dividends on this investment to date cannot even pay Meyer's salary.) In an upcoming split, announced last fall, Marriott will become two different companies, Marriott International and Host Marriott of which the latter will absorb most of the company's $2.9 billion debt. The terms of this split, made clear in March, will stop dividends on the preferred stock and allow conversion only to the vastly weakened Host Marriott. Read: big losses for this year's endowment performance...
Harvard's endowment, which is heavily invested in the preferred stock of the Marriott Corporation, could absorb a severe financial loss as a result of a decision last week by a Delaware Chancery Court judge to let the hospitality industry giant split into two companies...