Word: backed
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Dates: during 1970-1979
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Meanwhile, trouble was also stirring back in the Central African Republic, as it had been promptly renamed. Although Dacko released political prisoners jailed during the Bokassa reign, there was resentment when he reappointed many members of Bokassa's Cabinet. At the same time, supporters of former Prime Minister Ange Patasse, a prominent opposition figure who had quit the Bokassa regime in 1978 in protest over its atrocities, staged anti-French demonstrations when his departure from Paris was held up by technicalities. At week's end Patasse castigated Dacko as an accomplice of Bokassa and demanded he resign. Part...
...fear now is that bureaucratic meddling may create distribution bottlenecks and local shortages later in the winter. New York state officials, for example, are concerned that in order to maintain their inventories at levels mandated by the Energy Department, oil companies are holding back shipments to jobbers, distributors and other middlemen, something the oil firms deny...
...look at minimum operating capital requirements and the debt-to-equity ratio. At the moment the bankers say, "We think we have done all we can." Well, we don't think they have. In Washington they ask me: "You won't come back for more money, will you? Once we do it and help you, don't come back a second time." Well, I'd rather not go to Washington at all; I'd rather figure out another way. If I found a rich Arab, I'd take him in a minute and under...
Last week U.P.I. President Roderick Beaton announced a plan to put his wire service back in the black by ripping a page from A.P.'s ticker: turning U.P.I. into a cooperative of sorts. U.P.I. has invited more than 100 of its largest newspaper and broadcasting clients to become limited partners in the wire service. Under the scheme, Scripps and Hearst would retain 10% of the new company and stay on as managing partners. The remaining 90% would be sold in 45 shares, and no single client could own more than 10% of the firm. If successful, the restructuring would...
...present seems dismal enough. Though U.P.I.'s 850 reporters clack out almost 8 million words and figures a day, they are unable to match the sheer ubiquity of A.P., with 1,401 journalists. As a result, when editors are forced to cut back on their wire budgets, many drop U.P.I. in favor of the more comprehensive coverage provided by A.P. Some 1,365 U.S. newspapers belong to A.P., while 1,115 subscribe to U.P.I...