Word: giante
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Being a lightning rod is a new experience for Regan, who remained relatively free from criticism both at Treasury and at the giant investment firm of Merrill Lynch & Co., which he ran before going to Washington. He clearly does not enjoy the experience. He replies to criticism of his supposedly confrontational approach by hinting that he is more devoted to the President's philosophy and program than his first-term predecessor, James Baker. "Remember, a lot of this is Regan letting Reagan take the lead," the chief of staff told TIME last week. "There may have been times...
...Promotion Hall, a sort of chamber of commerce building and exhibition hall in 1945. The remains stand just outside the point of the park, across the Aioi Bridge. This shell is Hiroshima's Eiffel Tower, its Statue of Liberty. Where the dome rose, only the supporting beams remain, a giant hairnet capping four floors of vacant gray walls, much of their outer skin peeled away, exposing patches of brick. The interior floors are also gone, making the entire structure an accidental atrium. A front doorway leads to nowhere. A metal spiral staircase ascends to nothing. A pillar lies...
...troubles of financial giant BankAmerica were hardly a secret. A red tide of loan losses has swelled over the past four years, and Chairman Samuel Armacost last month forecast little or no profit for the second quarter. Still, the financial community was stunned when BankAmerica last week announced a net loss of $338 million for that period. It was the second-worst quarterly deficit in U.S. banking history (after Continental Illinois' $1.1 billion loss in the second quarter...
...dollar mergers. American Hospital Supply, the nation's largest distributor of hospital supplies, agreed last week to merge with Baxter Travenol Laboratories, the third-biggest hospital-supply company, in a deal valued at $3.8 billion. Monsanto has also agreed to acquire G.D. Searle for $2.7 billion, giving the chemical giant a long-desired place in the Pharmaceuticals market...
Without doubt, both the forum and the U.N. meeting had their cacophonous, disorganized and divisive moments. Skeptics felt that the gathering, even at its most high-minded, was fundamentally unimportant and ineffective. Before the conference took place, Congresswoman Patricia Schroeder of Colorado, a committed feminist, dismissed it as "one giant commemorative stamp." But for many participants, particularly those at the NGO forum, the significance of Nairobi was found less in the official proceedings of the U.N. meeting than in the peaceful and joyous way the swirling mix of women from the developed nations, the Third World and the Soviet bloc...