Word: central
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Dates: during 1980-1989
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Smith, a graduate of Cornell and the Wharton School, started dabbling in distressed securities in the late 1960s while a trader at Manhattan's Bear Stearns. He made clients and himself a tidy profit on bonds issued by the bankrupt Penn Central railroad. In 1985 Smith left Bear Stearns to create the first company devoted to dealing in distressed securities. As a privately held firm, R.D. Smith does not report earnings, but the staff at its cluttered Manhattan office has expanded from eight to 35 in two years...
...change in attitude toward matrimony is especially striking. A 1985 study of trends undertaken for Cosmopolitan magazine by the Battelle Memorial Institute's research center in Seattle concluded, as Hite does, that marriage has become less central in women's lives. The authors point to Census Bureau statistics indicating that the percentage of women ages 25 to 34 who have never married has more than doubled since 1970. This is because women are not only postponing marriage, say the authors of the Cosmo study, but increasingly avoiding it. The old economic division of labor, in which men work outside...
...addition, the Center will house an office, central meeting room and computers for each of the five Medical School societies which are supposed to improve student-faculty contact...
WASHINGTON--President Reagan, casting a skeptical eye upon moves toward peace in Central America, wants renewed Contra aid as an "insurance policy" against backsliding by Nicaragua, his spokesman says...
Their plan was superceded by a regional agreement signed by Nicaragua and four other Central American nations. It calls for certain steps towards democratic reform and a cease-fire, to be implemented...