Word: annually
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Dates: during 1980-1989
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...viewers have grown accustomed to the annual late-summer promotional blitz for the networks' fall premieres. But this year the hucksterism has gone far beyond the usual "ABC's the One" and "Come Home to NBC" sloganeering on- screen. Ads for network shows will turn up everywhere from billboards to women's hosiery departments. Besides CBS and NBC linkups with major retailers, a third network, Fox, has teamed with Coca-Cola to promote an Isle of Dreams Treasure Hunt. Only ABC is sitting on the sidelines...
...demise of Fruehauf dramatizes the problems that could befall a growing number of leveraged buyouts as the U.S. economy softens. Touted as one of the hottest financial plays of the go-go 1980s, LBOs zoomed in annual volume from about $250 million in 1980 to nearly $45 billion last year. The buyouts included household names like R.H. Macy, Beatrice, TWA and Safeway Stores. In such deals an investor group, often headed by a company's own executives, uses bank loans and high-interest junk bonds to buy a firm and take it private. Almost without exception, the group immediately slashes...
Long Island-based Grumman, which has produced military jets since World War II, builds the Navy's F-14D, the highly maneuverable fighter featured in the 1986 film Top Gun. Because Congress has slowed annual production of the Tomcat to just twelve jets, Grumman is reducing its 19,000 work force by 3,100. If Cheney's proposal to cut production even further is carried out, many of the 5,600 Grumman workers who make Tomcats will be put in jeopardy...
...corner of North Dakota. Fort Union served as a linchpin in John Jacob Astor's lucrative beaver-fur and buffalo trade with the Assiniboin, Crow and Blackfeet Indians. In its halcyon days, which lasted a quarter- century, the post dominated the upper Missouri from behind an elegant, whitewashed palisade. Annual steamboats brought artists and ethnologists. The bourgeois, or superintendent, maintained a splendid table, and French wine flowed in an imposing residence topped with a bell tower. With its bastions of stone and 63-ft. flagpole aflutter with Old Glory, Fort Union conveyed a flashy, mercantile style and substance until smallpox...
...official level. The State Department confirmed that Bloch is being investigated for a "compromise of security which has occurred," but at week's end no charges had been filed against him, and he remained on paid leave from the department at an estimated $80,000 annual salary. Austrian officials confirmed that they were investigating a "phony Finn" who had traveled to Vienna several times on a forged passport. U.S. officials have fingered him as Bloch's contact...