Word: bootstrap
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Dates: during 1980-1989
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About a dozen large open-pit gold mines using such techniques are now strung out along the Carlin Trend. The Dee. Maggie Creek. Gold Quarry. Goldstrike. Blue Star. The Rain. The Bootstrap. American Barrick Resources Corp., a Canadian company, recently announced plans to excavate a billion tons of rock to get at 12 million oz. of gold -- worth about $4.4 billion at current prices. In the process, the mine will bequeath to posterity a hole 1,500 ft. deep, 4,000 ft. wide and 7,000 ft. long...
...grease not just for diplomatic outreach but for South Yemen's attempts at bootstrap development. In 1987 Soviet geologists discovered a little of the black gold beneath the desert sands near Shabwa. When the first wells begin gushing in 1990, the area may produce up to 70,000 barrels a day. That small but steady output will bring $240 million a year into South Yemen's treasury...
...marketing, finance and other business basics. Says Beatrice Fitzpatrick, founder and president of AWED: "We're teaching women the rules of the game." Since 1977, 1,267 entrepreneurs have graduated from AWED's 18- month program. Only seven of the AWED-guided start-ups (0.6%) have declared bankruptcy. Bootstrap programs for would-be entrepreneurs have also sprung up in Illinois, Pennsylvania, Minnesota and other states...
...sign of discrimination at the portals of colleges and universities would be particularly alarming to Asian immigrants, because they almost universally see their children's future in terms of higher education. In part, this blind faith in academic achievement stems from the normal yearning of all immigrants to bootstrap their families into the comforts of middle-class American life. But it also bespeaks a deeper ethic permeating many Asian societies. Says Yong-Il Yi, 55, a New York City real estate broker from Seoul: "In Asia, if you don't have a higher education, you are a second-class citizen...
Despite the merger activity, Taylor insists that Continental still hopes to remain independent. "That is our top priority," he said, "and we are aggressively pursuing that option." A bank task force nicknamed Operation Bootstrap has been devising strategies. One possibility: sell Continental's $2.3 billion in bad loans to investor groups and pump the cash back into the bank...