Word: buys
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Dates: during 1980-1989
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...volume from about $250 million in 1980 to nearly $45 billion last year. The buyouts included household names like R.H. Macy, Beatrice, TWA and Safeway Stores. In such deals an investor group, often headed by a company's own executives, uses bank loans and high-interest junk bonds to buy a firm and take it private. Almost without exception, the group immediately slashes costs, lays off workers and sells divisions to reduce debt; the managers may eventually reap huge profits by selling the streamlined company back to public investors...
...People think you have a nice Italian family, and then you have these peace-eating liberals who push them out. Well, that's not the way it works," Whyte argues. "By and large, many steps have been taking place before the so-called gentrifiers move in. They do not buy from the nice ethnic family and kick them out. So much housing has been destroyed. Look at the Bronx. There has been more housing destroyed there than has been built in all of New York. There is the root of the problem -- lack of housing...
...major airline-liability insurance companies, has already begun the process of talking with survivors and the families of victims of the Sioux City crash, trying to settle their claims quickly and dissuade them from going to court. Says Peter Magee, executive vice president of the company: "If you buy a ticket to get from Point A to Point B, and you don't make it there, then the legal burden is on me to explain why. Statistics show you're going to recover something. It isn't a question of Is compensation fair? It's a question of how much...
...endless meetings. Gorbachev is under terrific pressure to produce the goods, literally, before his time runs out. Many Soviet experts in Europe and Washington predict that he has less than two years to complete his reforms and get the store shelves filled with the things his workers want to buy. If Gorbachev fails, his audacious political rendition of Surfin' U.S.S.R. could suffer the fate that wave riders most dread: a wipeout...
What this means in real life is that as soon as the workday ends, the U.S. reverts to a largely segregated nation. Middle-income whites can, if they choose, literally buy their way into a world of racially homogeneous schools, shopping areas and recreational facilities. "These attitudes don't change as we increase the socioeconomic status of the respondent," says Jaynes. "The % higher the white respondents' income, the less they wanted to be in an integrated neighborhood...