Word: forfeits
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Dates: during 1980-1989
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...gift, with an unexpected ploy. The deed specifies that a challenger may be built any old way, so long as she measures no more than 90 ft. on the waterline, which just happens to be the K boat's dimension. The deed also provides that the Cup is forfeit if the challenge is not met in ten months. After a judge confirmed these conditions two weeks ago, Sail America's Thomas Ehman complained, "Fay is an opportunist who sees the chance to take a billion-dollar industry back to Auckland." Said San Diego Mayor Maureen O'Connor: "The ruling...
...other regional championships, North Carolina downed South Carolina to claim the South Atlantic crown and Rutgers defeated Seton Hall in the Mid-Atlantic Region. UCLA advanced with a forfeit over UNLV, which was disqualified for using an ineligible player in its first-round contest...
Most of the harm that brokers may face, however, is financial. An estimated 24,000 of the securities industry's 300,000 workers are expected to lose their jobs in the market slowdown. Many more may forfeit their six-figure bonuses. The economic ripple effects will be felt most strongly on the Eastern Seaboard, especially in New York City, where sales of luxury cars, expensive homes, jewelry and other trappings of Wall Street success are already starting to suffer. The city could also be hurt by a falloff in tax revenue from the financial industry, which last year amounted...
...problem, which particularly plagues a democracy, is that sometimes a nation has to make reliable, long-lasting commitments or forfeit its credibility. Nor can such a projection of force be totally risk-free. The decision to escort Kuwaiti tankers violated the maxim that helped shape America's successful foreign policy in the early years after World War II: the need to balance commitments and resources. But in this case the commitment has been made, and the damage that a humiliating retreat would inflict on America's reputation would be almost as great as that from the Iranian arms- for-hostages...
Wyoming, meanwhile, remained the country's last holdout against raising the drinking age when the legislature refused for the third time to increase the minimum from 19 to 21. Wyoming will forfeit more than $11 million in federal highway funds over the next year. But, explains Wyoming Historian T.S. Larson, "it is a tradition that we are a hard-drinking lot, and we don't like people to interfere with that...