Word: chairman
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Dates: during 1980-1989
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While many experts agree that Webster has identified a real problem, some think the ambiguity should not be resolved. "There is a gray area," says Anthony Beilenson, chairman of the House Intelligence Committee. "And it ought to remain there. The fact that there's a little bit of uncertainty about the Executive Order serves a useful purpose. We should be cautious when it comes to coups that may lead to assassination." In fact, the CIA has procedures for high-level review of operations that could violate the ban. And yet a clear distinction between coups and assassinations is not always...
...unrestful weekend after the stock market plunged 190.5 points on Friday the 13th, top U.S. financial officials knew it was up to them to help avert a panic the following Monday. At a pivotal two-hour meeting, Treasury Secretary Nicholas Brady, a former Wall Streeter, huddled with Alan Greenspan, chairman of the Federal Reserve Board, and Richard Breeden, head of the Securities and Exchange Commission. Sifting through the latest market data, the trio concluded that the Dow Jones industrial average would fall more than 50 points when the New York Stock Exchange opened Monday, but then would probably rebound...
...become an ever more volatile place. Deregulation and the growth of computerized trading have left the stock market vulnerable to violent swings. "People have to get used to the idea that at certain points 5% to 10% declines are possible in today's highly automated markets," says John Phelan, chairman of the New York Stock Exchange. Yet even some Wall Street insiders have had misgivings. Warns Edward Yardeni, chief economist for Prudential-Bache Securities: "A 7% drop in the Dow Jones index is destabilizing to individual investors, and we need them in the market, not just the program-trading boys...
Gorbachev may also have been displeased by a pair of letters, pro and con, about his own performance as Chairman of the Supreme Soviet. "Many thanks to M.S. Gorbachev for his self-control, his modesty, his culture, his ability to listen, to restrain and persuade several undisciplined Deputies," went one missive. But another writer castigated Gorbachev for "the way he forces his opinion on Deputies, his commentaries on many speeches, the elections without alternative candidates, the pressure shown during voting...
...support rods inside the columns snapped like raw spaghetti under the multimillion-pound weight of the four-lane upper roadway. Some construction experts last week expressed outrage that the steel rods inside the columns had not been reinforced to help them withstand a powerful quake. Said Peter Lehrer, co-chairman of the Lehrer McGovern Bovis construction firm, which managed the restoration of the Statue of Liberty and Ellis Island: "There is no excuse for what happened on the Nimitz. We have had the technology to guard against this sort of collapse for years...