Word: biggest
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Dates: during 1980-1989
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They need not have worried: the deals are back -- and bigger and bolder than ever. Last week top executives at RJR Nabisco stunned Wall Street by proposing what would be the biggest takeover in U.S. history: a $17.6 billion leveraged buyout by management of the tobacco and food conglomerate. (Among its top brands: Winston cigarettes, Oreo cookies, Ritz crackers and Life Savers candy.) The RJR executives, with the help of the Shearson Lehman Hutton investment firm, hope to borrow close to $16 billion to finance the deal. If the transaction is completed, it would eclipse Chevron's $13.3 billion acquisition...
...says Democratic pollster Peter Hart. Amazingly, it has been the Republicans, led by preppy Bush, who have succeeded in painting Dukakis and his followers as a bunch of Harvard-Brookline liberal elitists. The Democrats' failure to capitalize on latent populist resentment, says a senior Bush campaign aide, "is the biggest surprise of the campaign. They just never figured...
...this seemingly endless campaign enters its final weeks, Dukakis' greatest worry is no longer Bush. His biggest enemy is time. He must also overcome a final, somewhat unexpected hurdle: Ronald Reagan. A number of polls, led by TIME's in late September, show the President's approval ratings rising again into the 60% range. That indicates a mood of public contentment that would be difficult for the most brilliantly planned and executed political appeal to overcome. Dukakis has at last got going, and shortened the odds a bit. The campaign is still alive -- but barely, and even this late infusion...
...took nearly seven months of sometimes acrimonious negotiations, but last week the U.S. and the Philippines signed a two-year compensation agreement covering the use of Subic Bay Naval Station and Clark Air Base, America's biggest overseas bases. Unhappy with the annual $181 million the U.S. had been paying, Manila initially demanded $2.3 billion in yearly compensation. The U.S. countered with a first offer of $360 million but later added to the package. After signing the pact in Washington last week, Foreign Secretary Raul Manglapus maintained that the U.S. had come close to meeting Manila's minimum demands...
...been counting on last week's meeting of the Communist Party Central Committee to shake up the national leadership and address the nation's economic miseries. What they got was a three-day Belgrade talkathon that accomplished little -- and may in fact have worsened the political crisis. The biggest loser, at least for the moment, was Slobodan Milosevic, the demagogic Serbian party leader and Yugoslavia's most charismatic politician since Josip Broz Tito, who died in 1980. Afraid of Milosevic's success in exploiting nationalistic sentiment among Yugoslavia's 8 million Serbs, his enemies ganged...