Word: bidding
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...Spence, a famed Wyoming trial lawyer (no relation to Miami's J.B. Spence): "What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies." Consumerists often point to the judgment of Wall Street, hardly a Naderite stronghold. Stock traders bid up the price of property-casualty insurance shares an average of about 50% last year, in the apparent belief that the industry at minimum is on its way back to solid profitability...
...voted no. Foreign Minister Francisco Fernández Ordóñez appealed to Spanish pride by saying that Spain would have to pull out of the European Community, which it had just joined on Jan. 1, or be a "second-rate" partner. Another official hinted that Barcelona would lose its bid for the 1992 Olympics and that plans for a World's Fair in Seville would be scuttled. González, in a last, powerful address that mentioned the Atlantic Alliance only twice and peace 40 times, warned darkly of "political instability," which is something the Spaniards, now in their tenth year...
...intelligence, diligence and integrity. As a member of, and eventually the ranking Republican on, the powerful House Ways and Means Committee, Conable was an expert on U.S. tax policy and a vocal proponent of free international trade. In 1980 he served as finance chairman of George Bush's bid for the G.O.P. presidential nomination. After his 1985 retirement from Congress, Conable spurned a lucrative lobbying career in Washington--"I don't want to be owned," he said--and took a post teaching political science at the University of Rochester...
...reputation as a fierce foe of unions. Now it appears that Eastern's workers may be maneuvering to foil the deal. Union representatives have been meeting with Jay Pritzker, a Chicago financier who controls Braniff Airlines and the Hyatt hotel chain. Pritzker is said to be considering a bid for Eastern in return for wage concessions from the workers. Texas Air controls 51% of Eastern stock, but Pritzker could conceivably make Lorenzo a lucrative offer that he could not refuse...
...Robert Fitzpatrick, who is arranging Los Angeles' 1987 Arts Festival--which will be much like the one he set up for the 1984 Olympics--was already in Moscow. "I wanted to be the first in the door," he says. Fitzpatrick, whose taste runs to artistic frontiers, immediately placed a bid for the innovative Rustaveli Theater from the Georgian city of Tbilisi. "It's been a generation or two since we've seen any Soviet theater in this country," he says...