Word: generousity
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Dates: during 1980-1989
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...that is far from the utility's only problem. Six months ago, LILCO made a pact with New York Governor Mario Cuomo to sell Shoreham for $1 to the state, which would then scrap it. In exchange, LILCO was promised generous rate increases to help recover its investment in the plant. The deal may still go through, but last week's verdict brought LILCO face to face with another threat: a $2 billion-to-$4 billion class-action suit on behalf of nearly 1 million customers that could drive it into bankruptcy...
Kravis, meanwhile, could afford to be generous in victory. Though he may have to spin off some $6 billion worth of RJR food brands to reduce the leveraged company's swollen debt, he talked of shifting RJR headquarters from Atlanta, where Johnson moved it last year, back to its traditional home in Winston-Salem, N.C. Kravis said he will install retired RJR chairman J. Paul Sticht, 71, in the top job again for several months to smooth the transition...
Smelling advantage, Turner persistently -- and with no hard evidence to back up his claims -- warned that ratification of free trade would lead to U.S. and Canadian pressure to reduce Canada's comprehensive system of medicare and generous old-age pensions. Other opponents of free trade, many of them organized in the activist coalition known as the Pro-Canada Network, published a pamphlet that featured cartoons of, among other things, Mulroney pledging allegiance in front of the Stars and Stripes. A pro-Mulroney heckler who showed up at a Turner rally in Montreal was beaten bloody, an incident that shocked...
...White House has become a small but complete city. Gardener Irvin Williams reports that a new lawn weathered the hot spell and is flourishing. Wood ducks are in the trees, mallards on the fountain pond, 40 or so other species of birds round about. Squirrels, lured by Reagan's generous dispensation of acorns, are too numerous to count...
...Even though there was a big drought and we only had two days of rain all summer, the people in the farm towns were still very generous and prepared big meals for us," Faber says. "In Minnesota, there was a farm family, and even though their farm was about to be foreclosed they let all 20 of us stay and cooked for us. They even brought us to a farm crisis meeting...