Word: farness
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Dates: during 1980-1989
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...said President Bush last week as he stamped into law his long-awaited and much debated savings-and-loan bailout bill. The legislation, / which will rescue ailing thrifts at a cost estimated at $300 billion over the next 30 years, promises to transform the S & L business into a far smaller -- and potentially stronger -- industry. The law will also impose a sweeping reorganization on the Government's thrift regulators: the Federal Home Loan Bank Board, now independent, will become a Treasury Department agency called the Office of Thrift Supervision...
...Lithuania and Latvia. He and his colleagues know that the party's prospects in the three Baltic states hinge on how quickly it can come to terms with growing popular demands for more radical political and economic change -- even if the party runs the risk of angering Moscow. So far, the Baltic challenge has not erupted in ethnic violence and social anarchy; instead, it has been subtly expressed in arcane legal debate and parliamentary procedure. For President Mikhail Gorbachev, it represents both a bold affirmation of his goal of creating a society governed by law and an assault against...
...rapidly as more and more investors join the stampede, which is demonstrated by the big increase in the market's volume. The average daily number of shares traded on the N.Y.S.E. was about 200 million last week, in contrast to a daily average of less than 170 million so far this year. "In August, when many traders are away, this is very unusual," notes Shearson technical analyst Philip Roth...
...far, most of the stock buying has been done by corporations through stock-repurchase programs, mergers, leveraged buyouts or employee-stock- ownership plans. All told, such buybacks have reduced the supply of shares on the market by a record $94 billion during the first half of the year, or nearly 4% of all outstanding stock. The buyout of RJR Nabisco alone took $25 billion worth of stock off the market, while the acquisition of Warner Communications by Time Inc. will reduce supply by another $14 billion...
...cheap way to run a zoo. At the Tiger River exhibit in San Diego, that lovely gushing waterfall is part of a 72,000-gal. computerized irrigation system. A huge banyan tree has heating coils in its roots to encourage the python to uncoil near the viewing glass. Not far away, an agile cliff-springer mountain goat is contained on the assumption that it will not jump eight feet to a ledge on the moat's far side that is constructed at a precise 30 degrees angle. "But," admits architect David Rice, "nobody has told the cliff springer that...