Word: fends
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Dates: during 1980-1989
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...dozen years has the Pentagon been able to close a major military base, even though some of the installations it operates -- at a cost of billions to the taxpayers -- were built to help fend off marauding Indians or troublemaking Redcoats. The reason? Not Pentagon profligacy, for once, but political pork...
...company's profits and stock price were already plunging. The same day that Disney released the film, Roy Disney made a splash of his own by resigning from the board to launch an effort to oust the top management. He sensed an outside takeover looming, which he aimed to fend off. Meanwhile, Manhattan Raider Saul Steinberg, hearing a tip about Disney's turmoil, began to buy a huge chunk of its stock. Contending that Disney was worth more money in pieces than as a whole, Steinberg proposed to sell off everything but the theme parks...
Dukakis worked hard in the state to quell party leaders' fears over his ability to fend off Jackson and attract blue-collar votes, particularly after the governor's poor showings in Illinois and Michigan last month. His victory seems likely to reassure establishment leaders, many of whom fear that Jackson would sink the party if he won the nomination...
...future, a lot hangs on what happens to PTL, which is seen as a symbol. David Clark, 47, the unflappable trustee named by a bankruptcy judge, has until May 2 to raise $4 million, get his reorganization plan in place and fend off a lethal IRS threat to remove tax exemption. He is convinced that PTL's all-Gospel cable network can survive by emphasizing viewers' spiritual and practical interests instead of the manic schemes and personalities of the Bakkers. "Money follows ministry," Clark insists. "No religious TV ministry will survive if it is not meeting authentic needs...
Greenspan's lot may be even tougher than Volcker's was. The new chairman must fend off a recession by keeping interest rates low, but he will come under excruciating pressure to raise them again if the dollar needs rescuing. Any little upward nudge in interest rates, however, is likely to send the stock market into the tank again. When the Fed's open market committee met last week for the first time since the crash, some economists hoped the group might rescind September's discount-rate increase. But no such announcement came. One reason may be that the committee...