Word: brobdingnagians
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Dates: during 1980-1989
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Five nations account for 90% of Latin America's more than $300 billion of international debt. The Brobdingnagian borrowers...
...Renault, France's leading automaker, began buying into the company. The French firm now owns 46.4% of American Motors, and AMC's president, José Dedeurwaerder, comes from Renault. Joining forces with the French was probably the only hope for survival for AMC, a lilliputian in a brobdingnagian land. With sales of $60 billion, General Motors is almost 21 times as big as AMC, whose share of the U.S. auto market reached a nadir of 1.2% last August...
...collapse. With the help of a computer contributed by IBM, each of the 1,300,232 stones was catalogued, then cleaned and chemically treated before being returned to its place. Thousands of stones that had tumbled down over the years had to be fitted, like parts of a brobdingnagian jigsaw puzzle, into then" proper niches. Even local mystics were consulted, along with the computer, to find where the stones be longed. (Sadly, 54 of the Buddha heads still have not been matched with 258 headless Buddha torsos...
...latest U.S. Steel-Mobil skirmishing was a perhaps fitting climax for a year of Brobdingnagian company mergers, and it also brought out increasing protests about corporate takeovers. Mobil is now viewed by many in the financial community as a reckless predator that is willing to spend extravagant sums and stop at almost nothing to acquire another oil company. Meanwhile, critics charge that U.S. Steel should be spending its money to update its antiquated and uncompetitive steel plants rather than trying to buy a company in an industry far removed from its field...
...Merger managers are playing short-term games that will not create a single new job, build a single new factory or add anything to U.S. technology. The economy is likely to be hurt by merger activity that is senseless and in fact creates Brobdingnagian corporate monsters with no need to compete or push hard...