Word: awash
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...financial community gasped last month when the U.S. Government had to prop up First RepublicBank of Dallas with $1 billion, but the true magnitude of the bank's problems was not evident until last week. Awash in bad real estate and energy loans, the bank projected a loss of $1.5 billion in the first three months of 1988, the second largest quarterly deficit in U.S. banking history. (Citicorp lost $2.5 billion in the second quarter...
...Yesterday, Today and Tomorrow, the 1963 film starring Sophia Loren, postwar Naples was awash with contraband cigarettes. Today the Italian city is afflicted with a more serious criminal commodity: heroin. Addiction among the young is so widespread that parents have begun to hire private eyes to keep a drug watch on their children...
Although the capital was awash with expressions of support for Oliver North, reaction to the Marine lieutenant colonel among the public at large was more qualified. In a poll taken for TIME last Thursday evening by Yankelovich Clancy Shulman,* 60% of those surveyed call themselves "sympathetic" to % North, but no more than 51% of the respondents judge North to be totally truthful...
...year, 30% fewer than necessary in 1980. Ford has not opened a single new U.S. plant since 1980 but has refitted old ones with automated equipment. The reduced capacity means that Ford's inventory may run short during a boom, but it ensures that the company will not be awash in excess autos during a bust...
...Shah of Iran led to a second worldwide oil shock, which nearly doubled prices once again and brought on the sharp recession of 1982. The downturn, combined with conservation and the development of new energy sources, considerably reduced the group's power. Since late 1985 the world has been awash in oil, and OPEC can no longer dictate prices...