Word: badly
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Dates: during 1980-1989
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...time to face facts and make the best of a bad job. It will be hard, and taxes will have to be raised even more than is currently being secretly planned in both campaign headquarters. Hopefully, we can distribute the burden fairly...
...America's Cup sank into a Bermuda Triangle of lawyers, loudmouths and bad losers last week. In the best-of-three event, Dennis Conner's Stars & Stripes grimly fended off a rogue challenge for the jug, outsailing New Zealand in a pair of yawners off San Diego. Nearly the only exciting development was the fact that Stars & Stripes flew sponsors' logos, a Cup first. One of them, Diet Pepsi, was an apt choice for a low-calorie affair that was an embarrassing mismatch...
...executives have begun seeking fortunes in the ruins of the savings and loan industry's insolvent institutions. Since 1984 investors have bought 260 failed S and Ls, most of them in the West and Southwest, where thousands of loans to the depressed real estate and oil industries have gone bad. Last week Robert Bass, 40, one of Fort Worth's billionaire Bass brothers and an accomplished takeover artist in his own right, joined the trend. He led a group that agreed to put up $550 million in capital to take over the financially comatose American Savings and Loan Association (assets...
...troubled S and L? For starters, once the bad loans have been excised, the thrift institution's traditional business of writing mortgages can be quite profitable. Now that many home loans have adjustable interest rates, few S and Ls should be savaged, as they were in the early 1980s, by having to pay high rates to depositors while receiving low yields on long-term mortgages. Furthermore, real estate prices in the Southwest cannot stay depressed forever. "We're at or near the bottom of the cycle for the Texas economy," says William Gibson, a former Continental Illinois banker who, with...
Trainers in the Soviet Union, East and West Germany and Australia brood about Janet Evans. McAllister's bad news for them is that she is getting better. "She's intense," he says. "Every week there'll be some set that she'll do faster than she's ever done before." The fact is that she is as close to a lock as bettors could ask in the 400- and 800-meter free events, and probably, despite a relative weakness in the butterfly, will take the 400- meter individual medley (100 meters each of backstroke, breaststroke, fly and freestyle...