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Excess debt inspires many firms to put some of their assets on the block. Unocal, the Los Angeles-based oil company, has been able to slash one-third of its $6 billion debt by selling coal mines, refineries and even its headquarters. But these sell-offs become less attractive as too many companies rush to unload assets. With so much merchandise on the block, prices have been depressed. Harcourt Brace Jovanovich, which incurred heavy debts fighting off a takeover bid, sold its Sea World theme parks last year for $1.1 billion, about $400 million less than many analysts expected...

Author: /time Magazine | Title: Carry That Weight | 11/19/1990 | See Source »

...their coke ovens, as long as they take interim steps to reduce that pollution. Electric utilities in the Great Lakes region -- many of them affected by the new acid-rain rules -- fought off a proposal to require them to reduce their release of mercury and other toxic chemicals from coal-burning plants...

Author: /time Magazine | Title: Forecast: Clearer Skies | 11/5/1990 | See Source »

Stone's association with eleven different companies, including the Pittson Coal Company, provided an extra $187,250 to his 1989 salary from Venture Capitalist. Gray, by serving on the boards of four companies, supplemented her income...

Author: By June Shih, | Title: Search Committee Earns $550,000 From Outside | 10/23/1990 | See Source »

Although he was congratulated by Perspective for his progressive views, Hornstein has since been a vocal critic from the right of the council who has opposed council stands on issues such as the University's investments in South Africa and its involvement with the Pittston coal miner's strike last fall...

Author: By Jeffrey C. Wu, | Title: Heading the Council: Complement or Conflict? | 10/22/1990 | See Source »

...power he had requested to impose economic changes by decree, and he promptly issued an order to all government institutions and local authorities to stop hoarding goods and fulfill contracts for delivery. The order, however, looks unenforceable. Meanwhile, new problems keep piling up: a threat of another coal miners' strike and a declaration of economic sovereignty by the Far Eastern region of Yakutia, a part of the Russian Republic. No wonder rumormongering is so popular. Gossipy speculation can be a welcome relief from grim reality...

Author: /time Magazine | Title: Soviet Union No Shortage of Rumors | 10/8/1990 | See Source »

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