Word: brinks
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Dates: during 1980-1989
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...largely unrelated in their specific causes, the disasters last week were all accelerated by the 60% drop in the price of oil since the beginning of the year. By causing energy loans to go sour and depressing the whole Southwest, cheap oil pushed the Oklahoma City bank over the brink and aggravated BankAmerica's huge losses. The petroleum slide helped drag down LTV too, because the company is a major supplier of oil-drilling and pumping gear, which almost no one wants to buy right now. Last week the number of oil rigs operating in the U.S. reached a postwar...
...surplus is so stubbornly large that even this year's severe drought in the South will fail to boost depressed farm prices. The sad result: farmers in those states will face a double bind of low prices and small harvests, which could push many of them over the financial brink. Last week's heat wave, which reached 105 degrees F in parts of the Carolinas, further scorched crops and killed more than 500,000 chickens. "This could put us completely out of business," laments Dairy Farmer Charlie Bouldin, of Chatham County, N.C., who expects less than...
...dumped him in favor of the architect Walter Gropius soon after Kokoschka enlisted in the imperial dragoons to fight in the first World War. This, combined with the horrors of the trenches and the shock of being shot and bayoneted nearly to death, drove O.K. over the brink. He had a Munich dollmaker construct a soft, life-size, redhaired effigy of his former lover, fetishistically complete in every anatomical detail. The doll shared his bed and during the day he would dress it up and take it out. In Self- Portrait with Doll, 1920-21, Kokoschka is seen pointing with...
Stockman's 'gee-whiz' admissions about the policy vacuum that has permitted the American economy to career close to the fiscal brink have already received more attention (and shekels from Newsweek), than they deserve. What hasn't gotten so much remark is the character of the man himself. Perhaps people are tired of Stockman, perhaps Michael Deaver's shenanigans have supplied everyone's sleaze fix, but Triumph is not only the tale of history's greatest fiscal fiasco, it's an extraordinary summary of the political degeneration of a generation, a moral and institutional slackness that characterizes politics the Harvard...
...emotional favorite. But the jury was moved by different emotions. The Mission is a $23 million epic, starring Robert De Niro and Jeremy Irons, made by a powerful producer (David Puttnam of Chariots of Fire and The Killing Fields) and financed by a company (Goldcrest) on the brink of bankruptcy. Set in 18th century Peru, it is a parable of 20th century liberation theology, of religious imperialists (the noble Jesuits) vs. economic imperialists (the venal Spanish and Portuguese). And from first scene to last, it is dead in the water--a logorrheic tale of heroic masochism in which the good...