Word: generality
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Dates: during 1980-1989
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Hutton was founded by Edward F. Hutton, a stockbroker who later became chairman of General Foods. The brokerage thrived on the strength of its retail branch offices (total brokers: 6,500) and avoided being taken over during Wall Street's consolidation binge in the early 1980s. But the firm apparently grew faster than its supervisory structure could handle. In 1985 Hutton pleaded guilty to 2,000 counts of mail and wire fraud for operating an elaborate check-kiting scheme in which the company's cash managers had used at least $10 billion from 400 banks without paying interest...
...attack against a target inside Israel since March 1978, when eleven Palestinian gunmen killed 37 Israelis and wounded 82 after hijacking a bus. Officials voiced rare criticism of their troops last week, pointing out that those in charge of the camp had taken few or no precautions despite a general military alert. Not only did the guard at the gate leave the area when the shooting started, but many of the soldiers killed and wounded had been playing backgammon and checkers in a "clubhouse" tent when the guerrilla entered the military camp. "How did it happen," asked Army Chief...
...Popular Front for the Liberation of Palestine-General Command, a P.L.O. splinter group based in Damascus, claimed responsibility for the attack, saying it was an effort "to revive the armed struggle" against the Jewish state. Israeli officials said they have known for several years that the group's leader, Ahmed Jibril, was training hang-glider terrorist squads in Syria. Israeli Deputy Chief of Staff Major General Ehud Barak vowed that Jibril's organization "will in due time pay the price" for its murderous mission...
...gripped by labor strife and protest. From the Alps to the Mezzogiorno, Milan to Palermo, buses and trains came to a halt, airports shut down, and courts, banks and government offices closed as some 12 million workers last week staged a four-hour walkout. In the country's first general strike in three years, factory workers and police officers, teachers and students, white-collar workers and pensioners marched through city streets under banners demanding more money for health and education and less for defense...
...setting up a safe harbor for indecent fare late at night, the FCC satisfied few interested parties. Paul McGeady, general counsel for Morality in Media, complained that the decision will open the floodgates to post- midnight smut: "There's no reason that raunch-radio persons won't become raunch-television persons." Broadcasters and civil libertarians, meanwhile, continue to object that the commission's definition of indecency is distressingly vague. Most network and local station officials insist that their standard on what is permissible will not change because of the ruling. Still, it could open the way for more explicit radio...