Word: firmed
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Dates: during 1980-1989
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...deal, which is expected to be approved by the Italian government, was a coup for the U.S. firm. AT&T triumphed over a homegrown bid from Fiat, as well as proposals from French, West German and Swedish competitors. The Italian project will help give AT&T a strong foothold in the fast-growing European telecommunications market. Italtel, for its part, hopes to parlay its new association into expanded phone-equipment exports...
...year and far more equitably compensated federal judges and top Executive Branch officials. After weeks of public posturing against the Great Salary Grab, while privately coveting the raises, Congressmen had been hopeful that their Machiavellian maneuvers would pay off -- literally. If House Speaker Jim Wright just held firm against a vote, the salary increase would automatically take effect at midnight last Tuesday night. But Wright wavered; the House quavered and overwhelmingly killed the salary hike by a vote...
...President's rescue plan prompts many banking experts to wonder whether the U.S. needs a separate S & L industry anymore. Thrifts hold about one-third of all U.S. mortgages, down from nearly 60% some 20 years ago. Says Laurence Fink, a partner in the Blackstone Group, an investment firm that is acquiring several S & Ls: "The average homeowner can get a mortgage without stepping inside an S & L. Maybe the thrifts have outlived their usefulness...
...thrift industry that survives the coming decade will probably look very different from what it is today. Says Jonathan Gray, who follows the industry for the Sanford C. Bernstein investment firm: "If there's one word to describe the industry's future, it's turmoil." Gray envisions a severe industry shake-out. In just a decade, he points out, the number of U.S. thrifts has already fallen from 4,200 to less than 3,000. By the late 1990s, he predicts, there will be just 1,000 left...
Christopher Whittle has a high-tech answer for the problem of cultural illiteracy among American students. Beginning next month, his Knoxville-based Whittle Communications firm will beam Channel One, a slick news program for teenagers, directly into schools for a seven-week test period. Whittle has provided each of the six pilot schools with $50,000 worth of television sets and satellite equipment to use as they wish. The only requirement: each day students will have to watch a twelve-minute Channel One broadcast -- including two minutes...