Word: costly
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Dates: during 1980-1989
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...that giving up one-party rule would be a capitulation. But there were signs last week that the Kremlin was willing to fiddle with the text. Noting that Article 6 was "not a taboo subject," Politburo ideologist Vadim Medvedev said the present wording should not be kept "at all cost" and ought to be "brought into line with the party's new role in society...
...victim to the nation's spreading S&L scandal. The clamor for his ouster mounted last month after lower-ranking bank examiners told Congress that Wall had unduly delayed for 21 months a Government takeover of high-flying financier Charles Keating's Lincoln Savings & Loan Association, whose collapse could cost taxpayers $2.5 billion. Last week Wall finally bowed to the pressure and resigned as director of the Office of Thrift Supervision. He had been victimized, Wall complained, by "simplistic efforts to find a scapegoat to shoulder the blame for the entire thrift crisis...
...centers and fancy resorts. Because many thrifts are only marginally profitable, raising the funds to meet the standards may prove impossible for them. Some analysts warn that half the nation's 2,900 thrifts could eventually fail or be merged, voluntarily or involuntarily, adding billions to the $300 billion cost of the industry bailout. An early casualty: City Federal Savings Bank, New Jersey's largest thrift, was taken over by federal regulators on Friday, after recording huge losses from real estate ventures...
...solvency of more than $5 trillion in federal credit and insurance programs that cover everything from bank deposits to student loans and Third World aid. While no one expects all such programs to fail, bad debts and write-offs are steadily increasing. "Losses from these programs have already cost the taxpayers tens of billions of dollars and have had a significant impact on the federal deficit," warns Charles Bowsher, the U.S. Comptroller General. Adds Michigan Democrat John Dingell, who chairs a House subcommittee on oversight and investigations: "It is as if every man, woman and child in this country each...
Vogel was skeptical that a majority of East and West Germans would insist on reunification when the realities sank in: East Germans might reject the bitter side of capitalism, competition and unemployment. West Germans, already fearful of an immigrant invasion from the East, might well shrink from the cost and inconvenience of accommodating their poorer brethren...