Word: flooded
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Dates: during 1980-1989
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...take over as chief executive officer from the man who was both his successor and now his predecessor, President Samuel Armacost, 47, who resigned on Oct. 10. Directors also bade farewell to BankAmerica Chairman Leland Prussia, 57, who took early retirement. Now Clausen must deal quickly with a flood of red ink amounting to almost $1 billion in losses in the past five quarters at BankAmerica. He also faces the unwelcome challenge of a more than $2 billion merger offer from Los Angeles-based First Interstate Bancorp (assets: $50 billion). Last week a new possibility was reported by the Wall...
...industrial struggles, even over supremacy in autos or steel, have ever been more important to the U.S. economy. "The semiconductor is at the heart of modern industrial processes," says Bruce Smart, the Commerce Department's Under Secretary for International Trade. A flood of low-priced chips from Japan has squeezed the profits of U.S. chipmakers so severely that many of them could fail, thus leaving the country dependent on foreign supplies for a strategic resource. Says Smart: "If we were to be forced out of business and had to buy our semiconductors from foreigners, they would in effect control...
Illinois and Oklahoma called out the National Guard to deal with the disaster, and the Mississippi River reached flood-warning levels. Forecasters offered no rays of hope: a hurricane sweeping up from Mexico threatened the region with more gloomy weather...
...Andrei's article in Foreign Affairs, "The Dangers of Thermonuclear War." Though Andrei stressed "the absolute inadmissibility of nuclear war" and called for "complete nuclear disarmament based on strategic parity in conventional weapons," the Izvestia letter charged that Sakharov "calls for nuclear blackmail directed against his own country." A flood of letters began, as many as 132 one day, that berated and maligned Sakharov. Soon, the magazine Smena published an article by Yakovlev expanding on what he had written in his CIA book. The flood of letters changed direction, and many became openly anti- Semitic (since Sakharov is not Jewish...
...issues thus remain as interesting, as important and as potentially divisive as ever. Despite the changes in style, it is uncertain whether the Rehnquist Court will be able to provide clearer guidance than the Burger Court or reduce the flood of contending opinions, concurrences and dissents that poured out under the former Chief. For the general public, however, a valuable opportunity to look more closely at the Justices in action may be near. Unlike his predecessor, Rehnquist has agreed to study the possibility of letting TV cameras into the Marble Palace's courtroom...