Word: contend
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...Donald Hodel renewed the debate last week by proposing that a section of the Arctic National Wildlife Refuge be opened to drilling. He would permit exploration on 1.5 million acres of the 19-million-acre preserve, which could contain between 600 million and 9 billion bbl. of crude. Conservationists contend that drilling would disturb the region's delicate ecosystem for little reason: a strike, they claim, would add just 4% to U.S. oil reserves. Canada also objects to drilling, for fear that caribou migration patterns would be disrupted. Hodel observed that caribou populations in Prudhoe Bay, 100 miles...
...because of a trend known as "securitization." That is a process in which lending institutions repackage their home loans as securities for resale to other investors rather than collect interest and principal themselves. The practice makes mortgage rates more sensitive to economic flare-ups. Even so, most financial experts contend, securitization keeps home loans more affordable. Reason: lenders can tap funds from a huge financial marketplace rather than just from local savings depositors...
...Prime Minister's supporters argue that the tax-reform bill, along with its unpopular sales levy, must be passed to stimulate domestic economic growth. The plan would reduce income taxes to encourage consumer spending, creating a greater demand for imports. The sales tax, they contend, would make up for revenue lost with the cuts. An increase in U.S. exports to Japan would then take the heat out of the trade war and help stabilize the soaring yen, which has made Japanese goods more expensive abroad. Still, despite an L.D.P. majority in parliament, both the tax and budget proposals face...
Cable's pay channels -- primarily HBO, Showtime and Cinemax -- early on discovered comedy as a fertile source of original programming. With no network censors to contend with, stand-up comics had virtually free rein in language and subject matter. Comedy concerts featuring everyone from Rodney Dangerfield to Eddie Murphy quickly became staples of the cable schedule. Comedy series inevitably came next. Some, like Showtime's Brothers and HBO's 1st & Ten, have been only marginally different from routine network fare. But HBO's Not Necessarily the News, now in its fifth year, offers welcome dollops of topical (if frequently toothless...
Thus, with some of his aides swallowing hard, Reagan may go to the summit and the treaty-signing table in the fall having to contend with criticism that he is selling short the political and military interests of the West. As the . final irony of the zero option, that criticism may be coming from the paragons of the arms-control establishment, whose own efforts to manage the nuclear peace Reagan himself opposed so vigorously during the era of detente...