Word: calif
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Dates: during 1980-1989
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Critics complain that federal regulators, panicked over the parlous state of the thrift industry, have been all too willing to approve WSGP purchases at giveaway prices. Perhaps in response to that outcry, the regulators have balked at two recent WSGP takeover bids, in San Mateo and Irvine, Calif. In turn, Simon & Co. have altered their business strategy: Marina del Rey-based Western Federal is a healthy and profitable S and L with about $2 billion in ! assets. The Western Federal deal must still be approved by federal regulators...
...transatlantic telephone call came shortly after 9 a.m. last Tuesday, just as National Security Adviser Frank Carlucci was leaving Santa Barbara, Calif., to join Ronald Reagan for a trip to Los Angeles. The caller, Horst Teltschik, had news that would please the President. The West German National Security Adviser told Carlucci that Chancellor Helmut Kohl was about to announce plans to retire 72 aging Pershing IA missiles tipped with American nuclear warheads. At a stroke, one of the chief obstacles to a long-awaited Soviet-American agreement on intermediate-range nuclear forces seemed to dissolve, and a Washington summit between...
Through the New Age cults, which include devotees of Indian gurus, flying saucers, holistic medicine, tarot cards and you name it, the word spread: the sky is falling. Alternate version: let's have a party, potluck, and bring your own drums. A Palo Alto, Calif., outfit called Global Family set up a telephone network. And since this is August and there isn't much news, the press got out its own drums...
...that Asians are simply smarter than other groups. A subscriber to this theory is Arthur Jensen, a controversial Berkeley educational psychologist. Jensen tested Asian children - 500 in San Francisco and 8,000 in Hong Kong - then compared the results with tests of 1,000 white American children in Bakersfield, Calif. He contends that the children with Asian backgrounds averaged ten I.Q. points higher than the whites, and believes there are "genetic differences" in the rate at which Asians and whites mature mentally...
More outposts are being readied for opening. In Santa Barbara, Calif., Steven Sponder, proprietor of the Cajun-Creole Palace Cafe, is planning Key Largo, scheduled to open next January. "In one word, it's Hemingway," says Sponder of his new venture. Bruce Monette of Southern Exposure in Boulder has big dreams for his Southern and Caribbean food, to be served in a 19th century stone building. "It will appeal to students, professionals, Buddhist vegetarians and steak-and-potato traditionalists," he boasts...