Word: beachheads
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Dates: during 1980-1989
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...hackles last year by handing this potentially lucrative time slot to a new production division. Since then, CBS News has been bedeviled by budget cuts, layoffs, a writers' strike and erratic ratings for the Evening News. Now the network's news executives hope that the recapture of this breakfast beachhead will boost morale. Says News President Howard Stringer: "I see this as the starting gun for a more productive, happy period...
South Florida is also alluring as a beachhead for Latin American culture, politics and business, some of it conducted conspicuously with drug money packed in suitcases. This, in turn, has attracted a large number of state and federal agents, whose aims and agendas do not always coincide. Such activities go far to explain the growing number of curious writers who have fattened their frequent-flyer accounts with regular trips in and out of Miami International Airport...
...prompting intense jitters is the U.S. financial-services industry. Tokyo's largest banks and investment firms, which already eclipse American companies like Citicorp (assets: $196 billion) and Merrill Lynch ($53 billion), openly aim to grab a large share of the U.S. financial marketplace. They have established a major beachhead in California, where four of the top ten banks are now Japanese owned: California First Bank, Sanwa Bank, Bank of California and Sumitomo Bank of California. On Wall Street, Japan's Sumitomo Bank shelled out $500 million for a 12.5% share of profits in the Goldman, Sachs investment-banking firm, while...
...contra camp in neighboring Honduras. The Administration early in June disclosed that the Soviet Union had made a direct military shipment to Nicaragua, and in a speech last Tuesday the President starkly portrayed the contras as the only force standing between the U.S. and a "Soviet military beachhead" in North America...
...across the Shatt al Arab, the long-disputed waterway that lies between the two countries, and established a toehold in Iraq's Fao Peninsula, a desolate strip of land that juts into the Persian Gulf. Despite superior firepower, Iraqi forces have been unable to dislodge the Iranians. The Fao beachhead was established just as falling oil prices threatened to starve both Iran's and Iraq's military and civilian economies. The protracted battle for Fao could prove to be a critical turning point in the war. TIME Correspondent Barry Hillenbrand traveled to the front and sent this report...