Word: foundered
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Dates: during 1980-1989
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...most of its 15-year history, Cray Research of Minneapolis has dominated the market for supercomputers, those $15 million, lightning number crunchers used for everything from the search for oil deposits to the design of nuclear weapons. The company has boasted two star computer engineers: Founder Seymour Cray, 62, and Steve Chen, 43, the Chinese-born immigrant who designed the Cray X-MP, the company's best-selling machine. Last weeksupercomputerdom's best and brightest duo decided to split up. In a move that shocked the investment community -- and sent Cray's stock tumbling 8 1/2 points in a single...
Worker-management frictions began even before Bridgestone (the name comes from the surname of the company's founder, which translates as "stone bridge" in Japanese) took over the factory in January 1983. During preliminary negotiations with United Rubber Workers Local 1055, the plant union, an angry blue-collar leader became abusive, brought up Pearl Harbor and asked the Japanese present to get out of the bargaining room. To his amazement, they did, flying all the way back to Japan. A deal governing labor relations was struck only after the union wrote an apology and formally asked Bridgestone to come back...
...other circles, of course, that image of hippie looseness is exactly what draws people to Esalen. As the institute's co-founder and chairman Michael Murphy cheerfully admits, "Esalen's reputation gets better the farther away you go." These days up to half the people who stay for a season or two, paying their way as work scholars, are foreign grandchildren of the revolution, come here from West Germany, Switzerland, Argentina or Brazil for a dose of good old-fashioned American Utopianism. Sleeping four to a room, working on the community farm or helping out at its school, they drift...
...Antonio. In San Francisco, $600,000 will be spent just for press facilities; preparing the places where the Pope will appear will cost an additional $1 million. Such seemingly large outlays have angered some who believe the money would be better spent on the poor. Charges Margaret Traxler, a founder of the feminist- leaning National Coalition of American Nuns: "Twenty million dollars for a ten-day visit is immoral!" Not at all, responds Archbishop John L. May, president of the Bishops' Conference: "The church spends that amount of money on the poor every two or three days." John Paul...
Honasan is a founder of the Reform the Armed Forces Movement (RAM), a group of officers intent on rebuilding the army's image and capability, and was security chief for Senator Juan Ponce Enrile, 63, during much of Enrile's 15 years at the head of the Philippines' defense establishment. Aquino fired Enrile last November for allegedly conspiring to overthrow her. Late last week, after briefly dropping from sight, Enrile resurfaced in Manila and declared, "I had nothing to do with...