Word: giant
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Dates: during 1990-1999
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...Kuwait's oil fields. The final count of blown wells, not yet officially released, is 732 out of a total of 1,000. At least 248 well fires have been doused, but the hardest to cap, the high- pressure wells, have yet to be seriously tackled. In the meantime, giant lakes of oil have formed, covering an estimated 1 million Iraqi antipersonnel mines and contaminating about 1.2 billion cu. ft. of soil. As each day passes, the oil soaks deeper into the sand and the lakes expand in area and volume...
With little physical devastation beyond the oil fires that darken the skies, Kuwait appears tranquil. Most shops are closed, but the supermarkets are well stocked, and bargains -- 10 watermelons for $1 -- can be had from the Iranian merchants whose skiffs cross the gulf each morning. Giant minesweeping machines patrol the beaches, but few people pop up their umbrellas or venture into the water...
...determined drive to pare its debt, Time Warner last week launched a much anticipated plan to raise $2.8 billion in the largest stock offering in ) U.S. history. The entertainment and information giant, the parent of TIME, granted stockholders securities called rights to buy 34.5 million new shares of Time Warner for $80 a share. The deal, which gave stockholders 0.6 of a right for every common share they owned, replaced a hotly controversial proposal that would have priced the stock at anywhere from $63 to $105 a share, depending on how many stockholders participated. Time Warner scrapped that plan after...
...private sector is even more active. About 5,600 firms provide some kind of day care, and a small but growing group offers on-site or near-site ECE centers. The Lotus Child Center, situated at the company's Cambridge, Mass., headquarters, is an impressive example. The software giant employs 2,000 people, and 60 of their children are currently enrolled. Costs vary according to income. Some parents pay the going rate for private preschools, while other employees are subsidized and pay as little as $20 a week. "In the future," says program director Mary Eisenberg, "we're going...
...talks with North Carolina's NCNB to create the third largest U.S. banking company. In California experts said merger candidates include San Francisco's Wells Fargo and the ailing First Interstate and Security Pacific banks in Los Angeles. Any pairing among those would create a formidable new West Coast giant...