Word: costly
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Dates: during 1980-1989
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...attacks on strategic high ground around Baba Wali, a heavily fortified point overlooking the city, after coming under air and artillery barrages from entrenched government forces. An assault by fighters of Yunis Khalis' Hezb-e-Islami last month on outposts screening Jalalabad was similarly thrown back at the cost of as many as 50 mujahedin lives. Such large-scale attacks under heavy fire are something new for the guerrilla forces. Says Abdul Qadir, a senior rebel commander with Khalis: "The mujahedin are not ready to risk high casualties...
...staggering cost of correcting the situation came into sharp focus last week, when the Federal Home Loan Bank Board, which regulates thrift institutions, announced a two-part bailout of 20 Texas S and Ls that could ultimately cost the Government $6.8 billion. First, the Bank Board conducted a fire sale of twelve failing Texas institutions, including Richardson Savings (assets: $707.8 million) and Mercury Savings ($332.9 million). The S and Ls will be merged and turned over to an investment group led by William Gibson, an executive vice president at Chicago's Continental Illinois bank, for a token $48 million...
From 1982 to 1987, the FDIC, which collects premiums from member banks and insures deposits up to $100,000, shut down or bailed out 600 banks at a cost of $9.99 billion. By far the worst trouble spot is Texas, where the woes of the oil and real estate industries have caused 192 banks to fail since 1982. The First RepublicBank case almost guarantees that the FDIC will operate at a loss this year for the first time in its history. Its reserves now stand at $15.8 billion, down from $18.3 billion in January, and the fund is likely...
...savings and loan industry is an outright disaster. At least 500 of the more than 3,000 S and Ls are insolvent: their liabilities exceed their assets. In 1987 alone, the Government closed 17 insolvent S and Ls and paid stronger institutions to take over 31 more. The total cost to FSLIC: nearly $4 billion. FSLIC (pronounced fizz-lick in the industry) would have shut down many more S and Ls, but the agency virtually ran out of money to pay depositors. In the meantime, the insolvent S and Ls have continued to pile up losses, making the ultimate resolution...
Rogaine treatment requires perseverance: the lotion must be applied twice a day for four to six months just to see if it will work. Cost: up to $400. Says Stern: "The chances of substantial results are only one in five, a large investment for a reasonably low chance of real cosmetic benefit." Moreover, if the applications are discontinued, the new hair disappears within a few months and balding continues at its previous pace. Says New York Dermatologist Stephen Kurtin: "The biggest resistance to minoxidil is not that the results may be only fair, but that it is a lifetime commitment...