Word: bond
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Dates: during 1980-1989
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More than two decades have passed since moviegoers first watched James Bond tail a Rolls-Royce to Goldfinger's Alpine retreat by tracking a moving blip across a screen on the dashboard of his Aston Martin. Now advances in computer technology have turned this Hollywood fantasy into automotive reality...
Never have the stakes in a corporate battle been higher. After losing a crucial decision in the U.S. Supreme Court last week, Texaco faced the disastrous prospect of having to post a $10 billion bond in its epic legal fight with Pennzoil. As its stock plummeted and its credit began to dry up, the company was thrown into a financial crisis. Over the weekend, Texaco's board of directors gathered for an emergency meeting at the firm's White Plains, N.Y., headquarters. Following a marathon discussion, the directors chose a stunning course: the eighth largest U.S. industrial corporation (1986 sales...
...vote had been scheduled on the motion that will make the sister city bond official. However, the Council postponed consideration of this order until a hearing on April 27, when the mission will have returned...
...Illinois has spent $4.5 million in developing its proposal for siting the SSC near Fermilab, and California has picked its spot, near Stockton. South Dakota has appropriated $900,000 to land the accelerator. Texas is promoting ten different sites for the tunnel and considering a $1 billion bond issue. Says Texas Governor Bill Clements of the SSC: "It could be bigger than NASA." Particle-physics fans are cropping up in the most unlikely places. In Malone, N.Y., a small town near the Canadian border, 800 people turned out to hear physicists lecture about the project...
...Does the bond of the surrogate mother really possess such moral weight? Here an analogy seems appropriate. If the surrogate mother's child cannot legitimately be taken from her by force of contract, what about an artist's creation? Can the work of an artistic genius be sold? Say a wealthy benefactor commissions a statue by some modern-day Michelangelo. In the process of creating a masterpiece, he grows so attached to the work that he cannot bear to part with it. Must...