Word: givens
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Dates: during 1970-1979
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...most extravagant Christmas gift a bountiful Uncle Sam has ever given a U.S. company. Just before recessing for the holidays, Congress last week agreed to extend an extraordinary $1.5 billion loan guarantee to the ailing Chrysler Corp. and sent the measure to the White House for Jimmy Carter's signature. The gigantic bailout, dwarfing the $250 million Lockheed loan guarantee of 1971, is designed to save from bankruptcy the nation's third largest automaker and tenth ranking manufacturer (1978 sales: $13.6 billion). With Chrysler's losses mounting daily, its 1979 deficit is almost sure to exceed...
While Washington may have given Chrysler a reprieve and preserved jobs for its 137,000 employees in an election year, the action may be a dangerous example for a system in which the right to fail is as enshrined as the right to succeed. Moreover, if Chrysler cannot make a U-turn and start generating the profits needed to pay back its loans, the U.S. taxpayer could get stuck with a portion of the $1.5 billion tab. Assessing the action of his colleagues, Senator Barry Goldwater, the Arizona Republican who is a leading advocate of keeping government...
...gets married, one of the wedding guests is J.C. Salley's father, a Columbia University professor, commits an unacknowledged theft from a Cheever short story when commenting on his older brother: "What can you do with a man like that?" Even an apparently innocent comment by Salley carries, given the name of the author, some ironic freight: "Graceful prose was never my father's strong suit...
...find themselves. The chief point of the exercise seems to be fun. No matter how much she protests, Salley is a confirmed flibbertigibbet, her name itself an amusingly pointless steal from a poem by Yeats ("Down by the salley gardens my love and I did meet"). Life has given her every advantage, including just the right number of trendy neuroses. Though she claims to spend a large portion of her story job hunting, what she really looks for, and always just misses, is trouble...
...hemorrhage during treatment for cancer; in East Berlin. The son of a Berlin postal official, Bengsch was named bishop of the divided city and its environs in August 1961, three days after the erection of the Berlin Wall. A conservative theologian who steered clear of politics, he was given special permission by East German authorities to cross the Wall three days a month to minister to his West Berlin flock; later he was allowed 30 days in every three-month period. In 1967 Bengsch became the first East German to wear a Cardinal's red hat-a promotion that...