Word: failed
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Dates: during 1980-1989
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Even if the court actions fail, some of the paper still has value. A Hukuang Railroad bond for 20 gold pounds ($96) that is in good condition is worth from $50 to $100 as a collector's item...
...speech to party activists in Paris last week, French Communist Leader Georges Marchais openly challenged the Mitterrand government's position that France's force de frappe is simply not up for negotiation. "The French nuclear force cannot fail to be taken into consideration," Marchais argued. "How can we believe it is possible to say to the Americans, 'In case of mishap you can depend on us,' and then say to the Soviets, 'You do not have the right to count us, neither on one side or the other...
...vacuum without reference to the enormous debt level and to the responsibility of Congress and the President," says Harry Freeman, a senior vice president of Shearson/American Express. "Volcker is being asked to keep interest rates down when he only has part of the action." Congress continues to fail to cut the fiscal 1984 budget deficit below the projected $180 billion. The Senate last week approved funds for the B-1 bomber and chemical-weapons systems. The House passed a new $15.6 billion housing authorization that will maintain the spending level of existing programs. Meanwhile John Chapoton, Assistant Treasury Secretary...
...more dramatic development: Costa Rican President Luis Alberto Monge worked secretly to arrange a meeting late last week between President Reagan's special envoy Richard Stone and leaders of the Salvadoran guerrillas who have frustrated U.S. policy for more than three years-only to have his guests fail at the last minute to agree on terms that would allow them to sit down with each other...
...University policy on investments in South Africa. The Corporation said then that Harvard would divest from banks that lent money directly to the apartheid regime. The ACSR, on the other hand, has tried without any success to force the University to sell shares in companies whose South African operations fail to meet the Sullivan Principles, minimum wage, and fair labor standards. Earlier this year, it tied on a vote recommending that the University completely divest...