Word: goodwille
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The most controversial provision is that thrifts would no longer be allowed to count as capital an intangible asset known as "goodwill." Typically, this comes into play when an acquirer buys an ailing S & L whose liabilities exceed its assets; the difference is called goodwill. So far, regulators have allowed...
At the school's inauguration, T.M.G. chancellor Nobumichi Hiraide fostered goodwill by flawlessly crooning the Tennessee Waltz. This fall the school hopes to open a cultural-enrichment center where Sweetwater citizens can view sumi-e (Japanese ink paintings) alongside examples of American art.
Declaring that "goodwill isn't worth doodly-doo," Metzenbaum insisted that S&Ls have at least 1.5 percent in "tangible capital"--cash, stocks and property that could easily be converted to cash and could be seized, in the event of a failure, before turning to government deposit insurance funds.
Another cause of skepticism about the elections was the bloc of 750 seats reserved for official and public organizations. But even there, insurgency reigned. Leaders of the Soviet Academy of Sciences produced a limp slate of 23 nominees for their 20 reserved seats, pointedly excluding physicist Andrei Sakharov, the Nobel...
Venezuela had not seen such mayhem since 1958, when a popular insurrection toppled dictator Marcos Perez Jimenez and ushered in democracy. Overnight, Venezuelans faced martial-law restrictions, including a 6 p.m.-to-6 a.m. curfew. When the riots ended, severe food shortages in the capital threatened to stir more disquiet...