Word: cashes
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Dates: during 1980-1989
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Reed was especially worried by the seemingly endless flow of fresh money to major Third World creditors. That cash outflow only served to increase the bank's vulnerability, creating a vicious cycle with which other major banks are also painfully familiar. To reduce that exposure, Reed in 1985 directed that Citicorp begin to build up its offsetting reserves. That year the bank set aside $1.2 billion. Last year the total jumped again, to $1.7 billion...
...tropical islands of the South Pacific may be half a world away from the desert sands of Libya, but distance has not deterred Libyan Leader Muammar Gaddafi from making a number of peculiar Pacific overtures. In the past year Gaddafi's agents have offered arms and cash to rebels in Papua New Guinea, encouraged an aboriginal separatist movement in Australia, shipped weapons to dissidents in New Caledonia and tried to open an office in the island republic of Vanuatu...
RECOVERING. Johnny Cash, 55, craggy-faced, gravel-voiced country singer (I Walk the Line, A Boy Named Sue); from exhaustion, brought on by high blood pressure, during a concert in Council Bluffs, Iowa; at his home in Hendersonville, Tenn...
INDEX: JOHNNY CASH...
...four years later. As if to prove that it was not deserting big cities entirely, Hearst bought the Houston Chronicle in March for $400 million. The Chronicle (circ. 425,000) is vying for reader loyalty with the Houston Post (circ. 316,000), and victory will require greater infusions of cash...