Word: collectivities
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Dates: during 1980-1989
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...bankruptcy this month, becoming the first sitting Governor in his state to do so. His trouble stems from the 18,500-acre Yellowstone Ranch near Lander, Wyo., which Herschler and three partners bought in 1977 for an estimated $4.5 million to $5 million. After the partners were unable to collect a $1.5 million payment for 3,000 head of cattle they sold in 1981, they were forced to borrow at high interest rates to make debt payments. Meanwhile, beef prices and land values were declining. Yellowstone was sold in a bank foreclosure last April for $1.9 million. Said Herschler last...
...pragmatism. Gu Dehua, a 28-year-old tailor in Shanghai who earns about $70 a month, enrolled in the party apparently in much the same spirit as a Western counterpart might sign up with the Rotarians. Did Gu see a contradiction between the Communist vision and his eagerness to collect material possessions? "Communism is the ideal," he explained, sitting in a small room appointed with two TV sets, one color, the other black and white. "But my property is mine forever...
Both men have formed political action committees to funnel money to local candidates and thus collect political chits. Kemp has been on the road at least two days a week for the past three years. As a fervent preacher of conservative values and supply-side tax cuts, Kemp believes his appeal within his party's right wing is strong enough to allow him to broaden his base. Instead of simply sounding the Reaganite creed of self-reliance, Kemp stresses that government has a role in caring for the needy. Kemp's neopopulist rhetoric sometimes sounds as if it were lifted...
...plan, they said, would give the city the right to collect some of the revenue of which they are deprived...
...however, can destroy the city's legendary mercantile spirit; even in the war-torn western sector, stores are still open, selling quality goods at bargain prices ($40 for a pair of stylish Italian-made shoes, $4 for a bottle of Scotch). Main reason: the government has been unable to collect customs duties for many months. Even some liquor stores are operating, though they keep their stocks hidden for fear of attracting the attention of fanatic Shi'ite militiamen who roam about looking for violations of the Islamic stricture against alcohol. Shortages of staples are rare; only severe and prolonged shelling...