Word: easterners
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Dates: during 1980-1989
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...review" of policy toward the U.S.S.R. has turned out to be a prescription for business as usual. But the Kissinger plan is fundamentally flawed. It seeks from the men in the Kremlin something they are already willing to grant -- latitude for diversity and liberalization in the "fraternal" countries of Eastern Europe. And it offers in return assurances that have little to do with the Soviets' real fears -- political deterioration inside the bloc, not a military threat from outside. Moreover, the forces that stand ready to exploit the trouble are also internal, not external; they are domestic hard-liners...
London: William Mader, Anne Constable Paris: Christopher Redman, Margot Hornblower European Economic Correspondent: Adam Zagorin Bonn: James O. Jackson Rome: Cathy Booth Eastern Europe: Kenneth W. Banta Moscow: John Kohan, Ann Blackman Jerusalem: Jon D. Hull Cairo: Dean Fischer, David S. Jackson Nairobi: James Wilde Johannesburg: Bruce W. Nelan New Delhi: Edward W. Desmond, Anita Pratap Beijing: Sandra Burton Southeast Asia: William Stewart Hong Kong: Jay Branegan Bangkok: Ross H. Munro Tokyo: Barry Hillenbrand, Seiichi Kanise, Kumiko Makihara Ottawa: James L. Graff Central America: John Moody Mexico City: John Borrell Rio de Janeiro: Laura Lopez...
...deal collapsed as if it had been hit by wind shear. Just five days after announcing his $464 million takeover of strikebound and bankrupt Eastern Air Lines, former Baseball Commissioner Peter Ueberroth abruptly delivered a very different message last week. Said he: "Our agreement with Texas Air is terminated, it's finished, it's over...
When is a deal not a deal? Buyout agreements are getting trickier because they now bristle with escape hatches. Last month Donald Trump balked on his $365 million pact to buy Eastern's shuttle when the airline sought bankruptcy protections. Brandishing a clause that allowed him to dicker on the price if shuttle business fell off before his deal closed, Trump pressured Eastern into including four more airliners for the same price. The concession was worth up to $26 million...
When the deal unraveled, lawyers for Eastern's creditors blamed Lorenzo and the unions for fumbling the question of who's in charge. But union lawyers said creditors had blocked the deal because they felt it did not spell out how Eastern would repay its debts...