Word: competitors
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Dates: during 1980-1989
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...most productive loans were for development projects like dams, factories and roads, which can help build the basis for future prosperity. Brazil, for example, borrowed $7.5 billion to make its steel industry into a world-class competitor. But many other projects turned into financial sinkholes, in part because of bad planning and incompetent management. Brazil and Paraguay are cooperating in the construction of Itaipu, the world's largest hydroelectric project, which has a dam almost five miles long. To date, nine years after it was begun, Itaipu has cost $18 billion and has generated not a single kilowatt...
...Abboud, president of Occidental Petroleum, and Drexel Burnham Lambert, a New York City investment banking firm, were putting together a group of investors to rescue Continental with a $2 billion infusion of capital. The story seemed plausible because Abboud was once chairman of First Chicago, Continental's crosstown competitor. He was abruptly fired in 1980, after his bank suffered an earnings slump...
...them, American Jeff Michels, 22, subsequently appealed the decision and will be al lowed to take part in the Olympic Games. Under the I.O.C.'s new testing system, a representative of the Los Angeles Olympic Organizing Committee will contact all three medal winners, as well as a fourth competitor selected at ran dom, immediately after each event is completed. The escort will take the athletes to a doping control station, where two samples of urine will be taken from each person: one will be stored under strict security and the other will be analyzed in a $1.5 million laboratory...
...second part of Bank St's protest charged that an NIE official broke the law by informing Harvard and MIT another competitor for the contract, that their bids were about $2 million over the NIE's estimate for the project...
...reputed to be worth the lengthy trek. The fun may have gone out of Steve's now that there's a branch right opposite the Harvard Square Theater. The ice cream isn't as good, but its formidable competition. Herrell's (15 Dunster st.): Not really s Steve's competitor, Herrell's was started by Steve Herrell (the man who started Somerville Steve's before selling out), and some claim there's not much difference between the two. Others charge that Herrell's is creamier, Steve's richer... Decide for yourself. Both feature an awesome array of candy and fruit...