Word: beltings
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...last week to close at a record 1570.99. But for the once flush U.S. petroleum industry, no gushers of champagne have flowed since 1981, when the value of oil peaked. And last month's 25% drop in crude prices is bringing even more failures and layoffs to the Energy Belt. Last week one of the largest offshore drilling companies, Houston's Global Marine (1985 revenues: $379 million), filed a bankruptcy petition. The company, which operates 34 rigs, will stay in business but wants temporary protection from its creditors, to which it owes some $1.1 billion...
...Fortified by those words, McNair went on to earn honors galore. Among them: being named a Presidential Scholar and Ford Foundation Fellow, and a doctorate in physics from M.I.T., where he helped develop specialized lasers. Along the way he acquired impressive skills as a saxophonist and fifth-degree black-belt karate instructor...
...will cost the country close to $2.2 billion in revenues this year, comes at a tense moment. Earlier in the week in Mexico City, tens of thousands of workers and students marched through the center of a capital still marred by last September's disastrous earthquake to protest the belt-tightening economic policies of the De la Madrid government. The demonstrators demanded a moratorium on payments of the foreign debt...
Excessive attention to Stallone's political messages would be off the mark. Stallone can be tried on his artistic merits. Evidently the Pudding Theatricals feels that Stallone truly represents the organization's ideals and efforts, and they should know. After all, the Pudding has 137 shows under its belt, while Stallone has only managed four Rocky films. It's a bit of pity, though, that the 138th Pudding show might become a casualty of friendly fire before the public gets a shot...
Worcester County District Attorney John J. Conte said that Carter, 42, died Sunday of strangulation about the neck with a belt and that the death was a suicide...