Word: four-month
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Last week Citicorp's pursuit of consumer cash paid its biggest dividend so far. After a four-month campaign that in directly pitted it against the only larger U.S. financial institution, San Francisco's BankAmerica Corp. (assets: $121.5 bil lion), the Federal Home Loan Bank Board approved Citicorp's bid to buy the troubled Fidelity Savings & Loan Association of San Francisco. If upheld by the Federal Reserve Board, as expected, the takeover would mark the first time feder al regulators have allowed a bank holding company to cross both state and industry lines to buy a thrift...
...economy appears to be no closer to a robust recovery than when the agony began. Indeed, for many countries the problems are intensifying, and governments that have tried to expand their economies while others were battling inflation are rethinking their policies. Rocked by a falling currency, France slapped a four-month wage and price freeze on its economy and devalued the franc by 10%. Beset by near record interest rates and high unemployment, Canada unveiled an austere budget that would limit salary increases for its federal workers to 6%, or about half the rate of inflation. Faced with an alarming...
...France's last carefree fling. Within a week after it ended, Finance Minister Jacques Delors traveled to Brussels to present his European partners with a package of self-imposed austerity measures. They included a 10% devaluation of the franc against the West German mark, as well as a four-month freeze on wages and prices...
...four-month season wore on, the name Dan Watson became increasingly recognizable...
There was also considerable admiration. More so than many of the U.S.S.R.'s previous planetary probes, Venera 13 and 14 seem to have performed extremely well. Starting on their four-month, 185-million-mile journeys within a week of each other last fall, they approached Venus in late February, separated from their mother ships and drifted under parachute through the planet's dense carbon-dioxide atmosphere, blasting winds and corrosive clouds of sulfuric acid to touchdowns east of a mountainous region called Phoebe, just south of Venus' equator...