Word: bonding
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...last summer administrative problems broke the last bond holding the two divisions together. The enormous size of the Biology Department had become unwieldy...
...cancelled a plan for a new reactor at Callaway, citing "financial risks." The five nuclear power plants of the Washington Public Power System are 500 percent over budget and six years behind schedule. With $6.8 billion in outstanding debt. WPPS is the largest borrower ever in the municipal bond market; but it can't get any more funds because Washington's voters recently approved a ballot proposition giving themselves veto power over any more WPPS bond issues. As Joseph Swidler, former chairman of the Federal Power Commission, succinctly put it. "Utilities have run out of money." Nuclear power, then...
Amidst the general tumult, we would like to get our two cents in, for we feel a special bond with FDR. He was, in the spring of 1903, the president of The Crimson, presiding over the fortunes of our paper through a stormy period that included the first Lampoon parody of the paper. By all accounts, he did a steady, sturdy job for The Crimson, presiding over the paper's move to new quarters and producing 107 issues of Cambridge's Only Breakfast Table Daily...
...would know at a glance whether a response was needed. Among Clark's subordinates then were Edwin Meese III and Michael Deaver. Clark remains very friendly with both, but reminds listeners that they once worked for him. Another friend from that era is Defense Secretary Caspar Weinberger. That bond will be especially useful, in light of the frequent policy clashes between Weinberger and Haig...
...reaction of the financial markets to the program was disastrous. Fearing huge budget deficits and more inflation, investors began stampeding to sell. Bond prices fell to record lows, and interest rates surged anew. By the time the Dow Jones average bottomed at 824 in September, blue-chip stocks had lost nearly 20% of their value in April...