Word: ago
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Dates: during 1980-1989
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...Abbott was born with just a rudimentary finger on his right hand 21 years ago to teenage parents. His father packed meat and sold cars. His mother educated herself, first to teach, then to go to law school. They raised a remarkable boy by never treating him too remarkably. "I had a hook," he says. "I hated it. They let me discard it." They let him dream of anything. "Growing up, I always pictured myself as a baseball player, but I can't remember how many hands I had in my dreams. I never thought to myself, 'Wow, I only...
...think that Eastern would be any bed of roses when we bought it three years ago," said a haggard-looking Frank Lorenzo. "But I never believed that we would be here today." Thus, six days into a bitter walkout by some 9,000 mechanics, baggage handlers and other members of the International Association of Machinists and Aerospace Workers, Eastern last week became the largest airline in history to go bust. And even as Lorenzo vowed to bring Eastern out of bankruptcy stronger than ever, he conceded that it might be impossible to avoid selling off more of Eastern's already...
...handful of the airline's 250 planes. With a dwindling war chest of $200 million, hemorrhaging at a rate of $4 million a day, Eastern was forced to file for protection under the Chapter 11 provisions of the Federal Bankruptcy Code. Lorenzo used the same tactic 5 1/2 years ago to break the unions and reorganize Continental, but this time, under revised bankruptcy laws, he will find the process more arduous...
...past three years Eastern has sold eleven of its passenger-boarding gates and a choice Miami-to-London route, and has transferred 20 airliners to Continental, another unit of Texas Air. Two years ago, Eastern sold its computerized reservation system to Texas Air for $100 million -- a price most industry experts said was too low. Last October, Eastern agreed to sell its profitable Northeast shuttle to Donald Trump for $365 million. Two days after the bankruptcy notice, Eastern Express, a Florida commuter airline owned by a Texas Air subsidiary, changed its name to Continental Express. Said J.B. Stokes, a spokesman...
...Bush Administration privately acknowledges is the F.M.L.N.'s improved military prowess. Despite the infusion of $3.4 billion in American aid over the past eight years, the Salvadoran government is not even close to winning the civil war. Troops killed most of the guerrilla leaders in the west eight years ago, forcing the F.M.L.N. out of the area. The rebels' return underscores their new strength and the army's inability to vanquish them permanently...