Word: bitterly
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Dates: during 1980-1989
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...said the operating profits at its steel division reached $501 million in 1988, in contrast to $125 million the previous year. The industry piled up total profits estimated at $2 billion in 1988, and is expected to match that performance this year. But the revival has ignited a bitter lobbying battle between Big Steel and its customers. The $ mills claim they need import restraints to keep the good times rolling. But major buyers, notably the manufacturers of automobiles and heavy machinery, argue that such protectionism is inflationary and vow to oppose it in Washington...
...gesture to herald an extraordinary event. As a biting wind chilled the tarmac, Soviet Foreign Minister Eduard Shevardnadze walked down an airplane ramp, strode up to the man waiting to greet him and shook hands. His host was Qian Qichen, the Foreign Minister of China. After a long and bitter estrangement between the leviathans of the Communist world, Shevardnadze had come to Beijing to set a date for a meeting that would bring the two countries' leaders together for the first time in 30 years. Moscow and Beijing had reached the verge of something that eluded them even during...
...component of the court's ruling was the requirement that all government distinctions based on race be subject to "strict scrutiny." This means that public-sector affirmative-action programs are valid only if they serve the "compelling state interest" of redressing "identified discrimination." Justice Thurgood Marshall, in a bitter dissent joined by Justices William Brennan and Harry Blackmun, called the decision "a deliberate and giant step backward in this court's affirmative-action jurisprudence...
...most hotly contested use of an ESOP is at Polaroid, which has put 14% of the company's stock into employees' hands as a maneuver in its bitter six- month battle against a takeover bid by Shamrock Holdings, owned by the Roy Disney family. Because Massachusetts-based Polaroid is incorporated in Delaware, where an anti-takeover law requires that bidders must get 85% ownership of a target company to gain control, the ESOP is leaving Shamrock with almost no room to maneuver. When a Delaware court rejected Shamrock's challenge of the ESOP, Polaroid's workers "jumped up and down...
BEHAVIOR: The lasting wounds of bitter divorces...