Word: attempt
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Dates: during 1980-1989
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American's best defense seems likely to be an attack on the amount of debt needed to finance a takeover attempt. Trump, whose personal fortune is estimated at between $1 billion and $3 billion, has offered to put $1 billion of his own money into the deal. The rest would come from bank loans. Trump may get the money, but politicians and air-safety experts have alleged that highly leveraged carriers might be tempted to skimp on safety measures to maintain profits. AMR released a statement last week saying it "continues to believe that excess levels of debt...
...Northwest and United, which involved extensive foreign financing, the Senate Committee on Commerce, Science and Transportation approved a bill last week that would prevent any buyer from acquiring more than 25% of an airline without the explicit approval of the Commerce Secretary. When Senator Lloyd Bentsen learned of the attempt to buy American, the Texas Democrat prevailed on the Commerce committee to make the bill retroactive so that it would apply to the Trump bid. "The Congress must send a strong message that highly leveraged buyouts are not tolerable," said Kentucky Democrat Wendell Ford, who sponsored the bill along with...
Even deadlier would have been any American attempt to seize Noriega when the coup leaders refused to turn him over, which would have pitted U.S. troops against not only the pro-Noriega forces but the rebels as well. Moreover, some units of the Dignidad paramilitary forces and the Doberman riot-control units, though badly trained and disciplined, might have resorted to subsequent guerrilla warfare. That would endanger not just American troops but also the 50,000 U.S. civilians living in Panama...
...same time, the experts called for increased prenatal care for poor women and for drug and alcohol abusers. These women have a much greater chance of giving birth prematurely, and their infants often suffer from low birth weight and other difficulties. The shift in emphasis is "an attempt to use scarce health dollars more efficiently," says Rosen. The report could influence private insurers and government programs to alter reimbursement policies for pre-natal care...
...first intimations of a plot came on Sunday, when Major Moises Giroldi Vera, leader of the failed attempt, told U.S. officials in Panama that an uprising was imminent. The news was surprising, since Giroldi was a Noriega loyalist who played a key role in quelling the previous military revolt in March 1988. "Giroldi's a bastard, a sort of mini-Noriega," says a Pentagon official. "Warning signs went up. We feared a Noriega trap." Fueling that suspicion was the fact that two principal U.S. players -- General Colin Powell, Chairman of the Joint Chiefs of Staff, and General Maxwell Thurman, chief...