Word: facing
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Dates: during 1980-1989
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...endorsed by the World Bank and the International Monetary Fund, as well as at the economic summit in Paris last week, the plan calls for "reducing" -- in fact, forgiving -- some principal and interest, thus freeing borrowers' resources for growth. The banks end up holding IOUs that have a lower face value but a higher chance of being repaid. The increased prospect of the debtor nations' economic and political stability becomes reassuring collateral...
Mookie is a self-absorbed pizza deliverer, able to control himself admirably in the face of offensive racism from the boss' son, but drawn to incite violence against his employer when the police kill one of his friends...
...merged Time Warner Inc. will still have to generate the rising stock values that the two companies have promised, or the communications giant, for all its size, could face a new takeover threat. Says Alfred Rappaport, chairman of Chicago's Alcar Group, a management-consulting firm that champions shareholder value: "What Time must now do is not celebrate the decision, but convince the marketplace that the new company can still deliver." For now, however, Time must keep one eye on the marketplace and the other on a courtroom in Wilmington, where its freedom to purchase Warner will finally be decided...
...astonishment of black and white South Africans, the government disclosed last week that the chasm may not be as impossibly wide as once thought. In his 27th year of imprisonment, serving a life sentence for sabotage, Mandela accepted an invitation from Botha to meet face to face for the first time. The two adversaries spent 45 minutes on July 5 talking "in a pleasant spirit" and sipping tea. It was not a negotiation, said Justice Minister Kobie Coetsee, who also participated, but the two foes confirmed "their support for peaceful development in South Africa." By agreeing to that, Mandela seemed...
...face it, this used to be a community of families," says PZAC member Mary Talty. "Since the institutions are coming in, we're getting less and less families and more and more transients...