Word: defunction
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...wake of the South African government's bankruptcy, the Harvard Corporation agrees to divest its stock in banks doing business with the now-defunct regime. A member of the Harvard-Radcliffe South African Solidarity Committee comments: "Shows what students can do when they organize...
...Paul Gray write most of TIME'S reviews. "To find a good book to review and to get background, we each read up to six books a week," says Gray, who once taught English at Princeton. Says Sheppard, who was editor of the book supplement of the now defunct New York Herald Tribune: "The question people always ask is, 'Do you speed-read?' No, I don't. Reading is a pleasure; like eating or loving, it should not be rushed...
Early in the 20th century, the now defunct Progressive Party began posing questions to the voters in referendums as a means of going directly to the people over the heads of elected politicians. Behind the current resurgence of balloting on issues is a post-Watergate distrust of elected officials and a growing impatience with state legislatures, which the constituents often feel are lead-footed and overly cautious. Says Robert Hughes, a G.O.P. chairman in the Cleveland area: "People are saying, 'By God, the power is vested in the people, and if the elected officials won't respond...
...prices climbed, United Nuclear found that contracts it had signed with a now defunct Gulf subsidiary and with General Atomic to deliver more than 27 million Ibs. of uranium at set prices ranging from $9 to $14 per Ib. could be filled only at a huge loss. All the time, it now claims, officials of both Gulf and General Atomic, neither of which were formal cartel members, concealed their knowledge that Gulfs Canadian subsidiary was helping to drive prices up by participating in the cartel. United Nuclear now seeks not only to have the contracts voided but to collect damages...
...graveyard." A bloc in the U.S. Senate urged a new canal site in Nicaragua-a longer but healthier route. The Panama lobby won out, partly on the argument that Nicaragua had too many active volcanoes. With the payment of $10 million to Panama and $40 million to the defunct French company, the U.S. entered into the most expensive peacetime undertaking in its 128-year history. The final bill was $352 million...