Word: extents
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Dates: during 1980-1989
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...spotlight also fell on M. Danny Wall, picked by the White House in July 1987 to replace Edwin Gray as chairman of the Federal Home Loan Bank Board. Gray, a onetime captive of the savings and loan industry, lost his job when he began to speak out about the extent of the S & L fraud...
Unlike the Senators who seek campaign contributions from the likes of Keating, Wall had nothing to gain but the continued esteem of the thrift industry for his consistently low estimates of the extent of the savings and loan debacle. He is a stolid former city planner from Salt Lake City whose only extravagance seems to be his natty suits and monogrammed shirts. As the top aide to Republican Senator Jake Garn of Utah when Garn was chairman of the Senate Banking Committee, Wall became a favorite of S & L owners. Says Senator Leach of Wall's 1987 appointment: "The industry...
...motives behind the F.M.L.N. offensive were far from clear. The extent of the assault prompted speculation that the guerrillas were hoping a final sink- or-swim offensive would rally popular support and bring down the six-month- old Cristiani government. If that was the intent, the rebels missed their mark by a wide margin. While their ability to infiltrate tons of arms and ammunition and 3,500 fighters into the capital demonstrated significant civilian support, the guerrillas failed to spark a popular uprising. In fact, the assault may have earned the rebels more new detractors than supporters. Traditional political allies...
Taubman then recentered Sotheby's in New York and, over the next few years, changed its business to such an extent that its lending and other investment services generated $240 million in 1988 -- nearly a tenth of Sotheby's gross income of $2.3 billion. What Taubman saw (and staider Christie's was not slow to pick up) was that an auction house could go directly to the public, not only at low price levels but also at very high ones. In the past, auction houses sold mainly to dealers, who put on their markup and then sold to their clients...
...press pity. American reporters have a duty to be tough minded in their exploration of Japanese business practices. Yet publications have all too frequently reached for easy headlines and analyses that evoke some of the worse aspects of the yellow- peril era. That is unfortunate. For, to the extent that coverage of Japanese business is reduced to the 1989 equivalent of "Japanese plan invasion of industrial fields," journalism will be that much more diminished and readers that much less informed...