Word: expanded
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Dates: during 1990-1999
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Although many scholars agree that the allies' goal was not to remove Saddam Hussein from power but to humiliate him, they fear the future of the region remains problematic. U.S. involvement could expand to mean a permanent presence in the Gulf; an internationally-driven power struggle might ensue after the fall of a weakened Hussein, they...
...Sears is determined to upgrade and expand its fashion lines, but in stores better known for Kenmore washing machines, Craftsman tools and Weatherbeater paints, women's fashions have suffered a persistent image problem. Says Kurt Barnard, publisher of the Retail Marketing Report: "Ask the average woman if she would care to wear a Sears Roebuck cocktail dress. It's an oxymoron...
...heartening news that America's troubled big banks have had in years. In a bid to strengthen the flagging industry, Treasury Secretary Nicholas Brady last week urged Congress to sweep away laws that have limited bank activities since the Great Depression. Under his proposed reforms, banking companies could easily expand across state lines and become financial supermarkets that offer everything from stocks and bonds to life insurance. Treasury said the plan would also seek to shield taxpayers from any replay of the savings and loan fiasco. "If we expect to exert world economic leadership in the 21st century," Brady said...
Critics doubt the wisdom of unleashing U.S. banks to expand into new areas. "This is the same cart-before-the-horse mentality that plagued the deregulation of the savings and loan industry," charged Henry Gonzalez, a Texas Democrat who chairs the House banking committee. "Let's set the speed limits and train the policemen before we open a new superexpressway for financial institutions...
Does the Treasury's reform program stand a chance in Congress? Experts say that limiting deposit-insurance coverage has the brightest prospects in the wake of the S&L bailout. Lawmakers may also look favorably on letting banks expand geographically. The odds are probably longest against permitting banks to diversify into new businesses...