Word: ares
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Dates: during 1980-1989
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A. Only a respite from the strains of the competition as well as an opportunity to address their internal problems and modernize their system. That is what Gorbachev and the people around him are hoping to accomplish.
A. No. There will have to be something very different. The pace of change, the scale of change, and the drama of the change are all such that we have to stop thinking in conventional terms. Perhaps there will be a Soviet confederation of some sort, much looser than what...
That crisis could soon become worse, because new requirements designed to strengthen the thrifts could instead push many of them into extinction. Starting last week, S&Ls must greatly increase their capitalization as a hedge against losses from problem loans, interest-rate swings and bad investment decisions. Among other things...
Before the ominous S&L predictions had a chance to sink in, alarms were going off about other potentially monumental crises. A report by Budget Director Richard Darman warned that careless management at such agencies as the Veterans Administration and the Department of Energy may have allowed scandals rivaling the...
The most disturbing fact is that no one knows how severe the problems may be. In a report to Congress last month, the General Accounting Office described the same pattern of sloppy accounting and slack Government supervision that allowed the S&L debacle to go unchecked. Because many agencies kept...