Word: defaults
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Dates: during 1980-1989
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...Government steamed titanically toward default on Dec. 12, congressional leaders decided that they dared not seek approval for yet another increase in the debt unless they could show that they were really doing something about the chronic deficit that nobody wanted...
...Sponsor Rudman wryly called "a bad idea whose time has come." There was no time for committee hearings; many members never read the measure that gave away their responsibilities, but they overwhelmingly voted for it; final approval came at 10:15 p.m. on the eve of the prospective default, and then it was soon time to go home for Christmas. Yes, Virginia, there is a Santa Claus...
...does not take a great deal of skill, however, to do so in today's - deregulated skies, where profit margins keep growing slimmer and the competition keeps getting tougher. To survive, several airlines have been seeking merger partners. Only last year, after an earlier brush with default, Eastern discussed the possibility of a merger with...
...their skills, these scientists hope to deter the federal government from pursuing this research, or, failing that, simply to undermine the effort at the outset. The physicists may say that they're doing it just for "moral" reasons, that in fact their individual refusal does not constitute policy by default. However, their urging of their colleagues to follow their example belies any such stand...
...good reasons of its own for wanting to ease the debt load. The potential for a massive default still hangs over the nation's banking system. In addition, the Third World's severe belt tightening has dried up a possible market for U.S.-manufactured goods. The United Auto Workers Union estimates that cutbacks by debtor nations cost 1.1 million U.S. jobs between...