Word: expanders
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Dates: during 1990-1999
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Businesses too have begun to jump on the recession bandwagon, putting aside their plans for new projects. Until recently, Airways Rent-a-Car aimed to expand from its Chicago base into 100 U.S. cities. But the family-owned business has cut back its goal to just 25 markets. Says Michael Zaransky, the rental firm's president: "I'd rather be tight and out of cars than stuck with too many. It's just too costly...
...less expected source. Sandy Alderson was a San Francisco lawyer who began as the team's general counsel and is now, at 42, general manager of the sport's dominant franchise. Says Alderson: "We needed to build up a scouting system, develop quality players in our farm system and expand it." From the farm came a bumper crop: Canseco, McGwire and wizard shortstop Walt Weiss, who would be voted American League Rookies of the Year...
This will have to go hand in hand with the building of democracy. Skeptics argue that it cannot be exported, but surely the U.S. has influenced the drive toward democracy and the development of free institutions in a great many nations. We must continue and expand that activity...
...bank profits slumped in recent years, industry leaders have searched for ways to expand into new lines of business. Last week the Federal Reserve Board granted J.P. Morgan & Co., the parent of the giant bank Morgan Guaranty Trust, the right to underwrite stocks through a separate subsidiary. The decision marked the widest breach yet in the 1933 Glass-Steagall Act, which has barred banking firms from buying and selling stock. On Wall Street securities firms charged that bankers might funnel federally insured deposits into risky stock deals. But regulations bar bank holding companies from shifting funds from a bank...
...State Department there were suspicions that the Administration's preferred scapegoat might be Ambassador April Glaspie, who left Baghdad for Washington the day before the invasion. At a meeting with Saddam on July 25 she told the Iraqi President that George Bush "personally wants to expand and deepen the relationship with Iraq." She assured him that "we don't have much to say about Arab-Arab differences, like your border differences with Kuwait. All we hope is that you solve those matters quickly...