Word: accountants
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Dates: during 1980-1989
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...Director Vincent DeVita Jr. called the report "offensive," stressing that the institute's assessments take into account mortality and incidence rates as well as five-year survival rates. David Korn, dean of the Stanford medical school and chairman of the National Cancer Advisory Board, agreed. He denounced the report as a "shabby polemic...
Gaddafi, for his part, emerged last week in Tripoli for a bizarre 20- second appearance marking the anniversary of the 1986 U.S. bombing raid on Libya. After stepping onto a platform before an audience of some 500 mostly foreign guests, Gaddafi inexplicably turned around and left. Aides could not account for the mercurial leader's sudden exit, which left the four-day anti- American get-together to speakers ranging from American Indian militants to seasoned '60s radicals and at least one British Labor...
...relatively brief but superheated. After becoming chairman in 1981, the Harvard-educated lawyer pumped Mellon loans to energy companies in the Southwest and beefed up its real estate portfolio in Dallas and other oil towns. The lending and real estate business foundered along with OPEC: energy-related loans now account for more than half of Mellon's $1.45 billion in write-offs and nonperforming assets. Mellon also has $178 million in repossessed properties, a sixfold increase from what it owned in late 1984. Bad loans to Mexico and Brazil further crimped the bank's strained resources. To make matters worse...
Gorbachev replied by proposing what some Europeans called a "super-zero option." For once, TASS carried the most complete account of his talks with Shultz. In effect, Gorbachev said, We want to take warheads out of Europe, not put more in. So let's equalize once more at zero: we will get rid of all our European shorter-range missiles if the U.S. pledges not to bring any such weapons into the Continent. He implied this would be done within a year of Senate ratification of a treaty on INF (intermediate-range nuclear forces) weapons...
...millions of Americans, last week was the final chance to cash in on one of the greatest tax breaks of all time: the Individual Retirement Account, or IRA. Since 1982, when IRAs became available to all workers, some $320 billion has been stashed away by 28 million households in the handy, tax-deductible, tax-deferred savings vehicles. With tax reform, however, the rate at which IRA money will be saved beginning in the 1987 tax year could fall drastically. Amid the crush to use the plan for a 1986 deduction, money managers were struggling hard to educate consumers about...