Word: foundered
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Dates: during 1980-1989
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...France is like a family that has had an internal dispute," Lustiger said. "If we don't talk about the bad things that happened, we won't have a real reconciliation." Right-wing Catholics will converge on Paris for an August anti-bicentennial rally. Says Francois Triomphe, founder of Anti-89, an umbrella for several dozen groups protesting the government's celebrations: "We seek reparations for the evils done to the church...
...success inevitably brought increased competition from all kinds of newcomers, like McDonald's, and the gas shortages of the 1970s hurt all roadside businesses considerably. There were also some who claimed that baby-boom customers preferred zippy novelties like, say, tacoburgers. So when Howard B. Johnson, son of the founder, got an offer in 1979 from a British conglomerate named Imperial Group Ltd., he was happy to sell an empire that included 1,040 restaurants (about a quarter of them , locally franchised,) plus 520 motor lodges for a tidy $630 million. But the deal did not bring lasting happiness...
Marriott has little interest in Howard Johnson's traditions. It prefers its own traditions, as exemplified by the name of co-founder Alice Marriott. Last June it began giving Bob's Big Boys in San Diego the new name of Allie's. "The intention, long term," says a company spokesman, "is to convert all Bob's Big Boys and Howard Johnson's to Allie's." While this was going on, however, some of the old-timers who had obtained their Howard Johnson's franchises from old Howard Johnson himself were fretting about being sold from conglomerate to conglomerate. So they...
...their own, John Lasseter and William Reeves of Pixar, a computer manufacturer in San Rafael, Calif., won the first Academy Award given for a totally computer-generated film -- a short subject called Tin Toy that starred a rambunctious baby and a windup music man. Says Jaron Lanier, founder of VPL Research, a small Redwood City, Calif., company that makes the equipment used to help people enter a computer-generated world: "This is the year that this stuff is finally starting to work...
Speakers at the rally incuded Boston Mayor Raymond S. Flynn, U.S. Rep. David E. Bonior (D-Mich.) and Mel King, a founder of the Rainbow Coalition...