Word: felted
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Dates: during 1980-1989
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...bankruptcy, Texaco filed an affidavit in a Texas appeals court claiming that any settlement over $500 million would trigger defaults. Liedtke, on the other hand, said he turned down a Texaco offer of $2 billion two weeks ago. Liedtke wanted more like $4 billion to $5 billion and felt confident he could get it after a 9-to-0 Supreme Court decision that week referred the legal war back into Texas courts. Many analysts currently believe Pennzoil will be lucky to get $1 billion years from now. Liedtke insists that "Texaco can't frighten anyone into settling by declaring bankruptcy...
Largely for these reasons, the Reagan Administration was in something of a quandary about how to react. Having originally proposed the zero option in 1981 and hung tough on it through '82 and '83, the Administration felt it could not say no now that Gorbachev was finally saying...
...year the government and the opposition have been arguing the pros and cons of constitutional reform. Two weeks ago the opposition's two major leaders, Kim Dae Jung and Kim Young Sam, pulled out of the New Korea Democratic Party, the largest antigovernment group in parliament, because they felt the N.K.D.P. president was about to agree to a compromise supported by Chun. Citing the "mess in the opposition," Chun last week said he could not deal with a party unable to "resolve its own internal problems through dialogue." Critics charge that the president encouraged the divisions, negotiated only...
...book obviously has high-level support. No apparatchik would have dared authorize it without powerful political backing. Rybakov does not know if Party Leader Mikhail Gorbachev has seen it or cleared it. "The reason it is being permitted now must be that those on high must have felt it was timely and needed," says Rybakov. "They must have realized that until we have eliminated the consequences of Stalinism in the psychology of our people we cannot move further forward. If we say we wish to live honestly and truthfully, then we must be truthful about the past. We cannot bring...
...those experiences were raw material for his novel, but it was only after the passage of many years -- and his 1960 "rehabilitation" -- that Rybakov could bring himself to attempt the actual writing. "I felt almost ashamed of what happened to me, because my sentence was brief and not very difficult alongside those who really suffered -- those who were shot or who spent 16 or 17 years in camps and came home with their health destroyed," Rybakov says. "And for many years I knew that because of my record, anything I wrote would never be published. But I did some writing...