Word: direness
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Dates: during 1980-1989
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...sense worked. Iran apparently leaned on Lebanese terrorists to set free three American hostages, the latest of whom, David Jacobsen, flew home to the U.S. last week for a Rose Garden meeting with Ronald Reagan. But once the broad outlines of the incredible story became known, the consequences were dire. The Administration appeared to have violated at least the spirit, and possibly the letter, of a long succession of U.S. laws that are intended to stop any arms transfers, direct ( or indirect, to Iran. Washington looked to be sabotaging its own efforts to organize a worldwide embargo against arms sales...
...product of the activities of a casino, the job is likely to be ill- done." His comments were a reminder of the speculative frenzy of the Roaring Twenties, which led, soon enough, to the Great Crash of Oct. 28, 1929. Last week, as the 57th anniversary of that dire event rolled around, new voices raised similar cautions. Said Robert Reich, a lecturer in public policy at Harvard's John F. Kennedy School of Government: "In America, industry has become the plaything of finance." Banker Felix Rohatyn, a partner in the Manhattan investment firm of Lazard Freres and a frequent critic...
...Federal Savings and Loan Insurance Corporation is supposed to be the lifeboat of the thrift industry, but these days the agency itself is in dire need of rescue. Playing its role as the insurer of deposits in savings institutions, the FSLIC has been nearly swamped by adversity. Beset by severe loan losses, 50 of the 3,200 federally insured savings and loan associations and savings banks have either been reorganized or forced by the FSLIC to merge with other institutions this year. As the agency reimburses depositors at collapsed savings and loans and pays out large sums to healthy institutions...
...eveningfor a candidates' debate. Every pool cameramanwore a Walkman, and League of Women VotersPresident Susan Scherr donned a BoSox cap beforeintroducing the candidates, commenting that "weare delighted to have the Red Sox in the Series,and we know that all the players wish they werewatching us." She also levied dire threats againstthe bearers of miniature television sets...
...magnates typified by the Ford family flourished in an environment that amounted to a "parody of competition" after World War II. Until the '70s, Halberstam says, the cir- cumstances of automaking's Big Three amounted to a state of "shared monopoly" in which innovation was smothered, and warnings of dire change on the economic horizon were ignored...