Word: groupings
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Dates: during 1980-1989
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HIGH HOPES. A dotty old woman fights to keep her home amid the crush of gentrification. Working with a cast that has helped improvise its roles, British director Mike Leigh creates a group portrait of characters who live, breathe and squawk their wayward humanity on the margins of Thatcher's England...
...Fort Lee, N.J., CNBC's offerings will have as a centerpiece a daytime "money wheel": a continuous half-hour cycle of business headlines, market reports, consumer news and other business-related items. In the evenings, however, the programming will range more widely. John McLaughlin, host of the syndicated McLaughlin Group, will do an hour-long talk show with such guests as Malcolm Forbes, Henry Kissinger and Phil Donahue. Dick Cavett has been signed as host of another nightly interview program; his first week's guests will include Jimmy Breslin and Linda Ellerbee. Also on the after-business-hours schedule: Smart...
...visit. The U.S. "conditions" for giving some $110 million in aid were considered so sensitive that a secret emissary was sent to brief the Honduran President orally on them. The quid pro quo had been approved that same month at a meeting of a special interagency crisis-planning group headed by Bush, although it was not clear whether he led this key meeting. At the time, the Boland amendment was in effect, banning lethal help to the contras...
Stepping up to the microphones during a Manhattan press conference last week, Peter Ueberroth looked every inch the Designated Hero. Frank Lorenzo, the embattled chairman of Texas Air, had just announced that an investor group headed by the boyish-looking former commissioner of major league baseball will buy strike-bound and bankrupt Eastern Air Lines for $464 million. Celebrating Ueberoth's move in a Miami union hall where they heard the news, boisterous Eastern machinists began singing Take Me Out to the Ball Game. The initial response of striking employees to their prospective new boss held promise that Ueberroth...
...airline experts as a masterpiece of risk sharing that will help make his task more manageable. The ownership of the restructured airline will be divided among Ueberroth and his investors, who will get 30% of the carrier, Eastern's employees (30%) and other new stockholders (40%). Ueberroth's core group of investors will put up only $200 million in cash. The new company will cover the remaining $264 million of the purchase price by forgiving $185 million in debt that the parent company, Texas Air, currently owes to Eastern and by handing over to Texas Air $79 million in Eastern...