Word: agrounder
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Even as the International Monetary Fund announced a $7.8 billion loan today to helpMexicoout of its currency crisis, President Clinton's once-popular peso rescue plan was hard aground in Congress. A key Democratic senator, Ernest Hollings of South Carolina, this morning attacked Clinton's $40 billon loan guarantee proposal as a "billionaires' bailout," saying Mexico is unlikely to pay it back. "Let's cut out this nonsense of trying to hoodwink the American people," Hollings told the Senate Foreign Affairs Committee, where Chairman Jesse Helms (R-N.C.) ignored GOP leaders more sympathetic to the plan by giving...
...decision that could dig deep into the Exxon Corp.'s pockets, an Alaska federal jury concluded that the oil giant was reckless in permitting a captain with a history of drinking to command the Exxon Valdez, the oil tanker that ran aground five years ago in Prince William Sound and caused the nation's worst oil spill. The verdict against Exxon and Captain Joseph Hazelwood enables local residents to seek $1.5 billion in compensation and $15 billion in punitive damages...
Testifying in an Anchorage courtroom as part of a civil lawsuit against the Exxon Corp., Joseph Hazelwood, captain of the Exxon Valdez, admitted he was less than candid with a Coast Guard investigator immediately after his ship ran aground in 1989 and spilled 11 million gal. of oil. Hazelwood testified that instead of just one beer, he had had three vodka drinks before leaving port, and that Exxon had known about his drinking problem...
...World Trade Center is rocked by a thundering explosion, police round up a string of Arab immigrants as suspects, including an Egyptian radical who was admitted to the U.S. by mistake. Off the shore of New York's Long Island, a rusty tramp steamer called the Golden Venture runs aground, disgorging nearly 300 frightened Chinese trying to enter the country illegally; 10 die. Newly elected President Bill Clinton, reneging on a campaign promise, denies entry to Haitian boat people, then is blindsided by hostile public reaction when his first two choices for Attorney General turn out to have hired illegal...
Theater: A new Show Boat runs aground...