Word: cleanup
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...almost eight weeks and a dizzying parade of witnesses, the prosecution managed to win a conviction on only a relatively insignificant misdemeanor charge: negligent discharge of oil. Judge Karl Johnstone, miffed that Hazelwood had never apologized for his role in the spill, sentenced him to 1,000 hours of cleanup labor and $50,000 restitution to the state, but suspended a 90-day jail sentence and a $1,000 fine. His lawyers vowed to appeal. Had the defrocked skipper been found guilty on all charges, which included a felony count of criminal mischief and misdemeanor counts of intoxication and recklessness...
...April 22, Earth Day 1990 may produce a demonstration of 100 million people in 133 countries, united in a plea to the globe's leaders to get on with the great cleanup. Already there are 1,500 separate programs and demonstrations planned in the U.S., and the harried staff of Earth Day, encamped in a small office in Palo Alto, Calif., receives notification of at least 100 new events each day. They expect crowds of hundreds of thousands of people in New York City and Washington, and out in Tennessee the good green thumbs are expecting to plant 4 million...
Many advisers who work the company side of the street offer a rich range of services to their corporate clients for fees that can reach $6,000 a day. The specialists take over a company's debt-cleanup chores, including negotiations with banks and creditor committees, leaving executives free to run their businesses. "Some people call us vultures," says adviser Jay Alix, "but that's unfair, because we provide a valuable service. Just as people with cancer go to a doctor, and people with a toothache go to a dentist, sick companies come to us. We're debt doctors...
Seven months into the cleanup, however, the rescue effort has barely got off the ground. Only 50 of the 386 thrifts taken over by the RTC have been closed or sold. Seized assets are piling up faster than the Government can sell them or even assess their value. By one estimate, the RTC owns 26,800 homes, 773 office buildings, 158 hotels, 205 resorts, 51 restaurants, 236 industrial facilities and 43 mines, among other properties. And the backlog will only get worse, since the agency may need to bail out another 600 institutions. That would bring the total...
...miles of coastline in Prince William Sound and along the Gulf of Alaska were still heavily or moderately oiled. The next comprehensive survey will not take place until March, when the cleansing effect of winter storms can first be measured. Exxon, which has spent $1.8 billion on the cleanup already and is negotiating a settlement with the U.S. Government that could cost the company an additional $500 million, says the state has overestimated the amount of pollution that remains...