Word: buoys
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Just offshore from the island, we took on a bearded man who had tied his boat to a buoy so we could land at the one-boat pier. He was there to work on the north tower's brick work; a group of workers were being put up in an "apartment" adjacent to the keeper's house...
Sailboarders, surfers and sailors know the sea can be dangerous, and yet they often sacrifice safety for style. After all, a bulky life preserver would ruin the look of a hang ten. In a new product called Aqua Buoy, which hides a flotation device in a wristband, function combines with form...
Made by Aqua Buoy of West Germany, the wristband contains a carbon-dioxide cartridge and a tightly folded nylon bag and 16-in. cord. When someone wearing it runs into trouble, he can flick a lever on the wristband, triggering the cartridge to inflate the pillow. Priced at $30, the 4-oz. device is selling briskly in sporting-goods stores...
...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...