Word: buoyed
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Dates: during 1980-1989
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...Panama give local workers high marks for their ability to handle complex engineering and piloting tasks. But under Noriega many high-level operational posts have been filled by inept cronies. The result has been mismanagement of the railway and poor road maintenance. Panama has imposed a dubious "lights and buoy" fee on ships approaching the canal, although the treaty prohibits such charges. At the rate of 1.25 cents a ton, the levy could raise as much as $2.5 million a year. But the penny-wise move could have pound-foolish results. In retaliation, Washington has threatened to revoke...
...about the write-off. Why? If banks rush to follow Citicorp's lead, the industry might be so weakened by losses that the Fed would eventually feel obliged to help out by putting downward pressure on interest rates. But that would run counter to the Fed's efforts to buoy up the weak U.S. dollar. Says Timothy Scala, money-market manager for Buffalo-based Manufacturers and Traders Trust: "This demonstrates just how grave the situation...
...fastest sailboat on the Indian Ocean. "I didn't see a foot put wrong in any one of the races by any one of their team," losing Skipper Iain Murray said admiringly. "We made a few mistakes and were a little bit off the pace." Beaten to every buoy, they finished each race more than a minute late. But Perth cheered Yank and Aussie alike, and no one seemed the loser...
...month materialized the first day, but the boat thought to be nimbler was outmaneuvered all the same. Winds that routinely topped 20 knots in the trials eased abruptly to eight or ten. Effectively the yachtsmen were back in Newport, R.I. Breaking neatly in front, Conner never rounded any buoy less than 40 seconds ahead and won by a jarring 1:41. Cheering could be heard from as far away as San Diego. Thanks to onboard ESPN cameras and the natural drama of the Indian Ocean, the sport is suddenly televisable, and armchair America is always ready to celebrate any arcane...
...people on San Francisco's piers 30-32, Dave Graham in his windbreaker resembled a small blue buoy. As BB-63 slowly eased to a berth, Graham was moving his arms briskly and systematically as if conducting an orchestra. Four stories up on the ship's signal deck, Chief Signalman Mike Kennedy took note. While others ogled the U.S.O. dancers on the dock, he broke out a small pair of blue and white pennants, known as papa flags, and returned to the rail. In his hands, the flags began to speak back. Before the final lines were secure, Kennedy...