Word: gulf
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Dates: during 1980-1989
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What do Harvard, Yale and Wellesley have in common? Aside from ivied halls, all three schools are in the oil and gas business, along with Duke and the University of North Carolina. Together they have anted up nearly $100 million for wildcatting ventures, chiefly in the Gulf of Mexico...
...offs and nonperforming assets. Mellon also has $178 million in repossessed properties, a sixfold increase from what it owned in late 1984. Bad loans to Mexico and Brazil further crimped the bank's strained resources. To make matters worse, Barnes soured relations in 1984 with a longtime local client, Gulf, by deciding to lend $150 million to Corporate Raider T. Boone Pickens, who had previously tried to take over Gulf...
...ministers now make every effort to nurture good relations among Arab nations, and especially with Iran and Iraq. They might very well be in a good position to act as mediators between those two warring nations when the fanatic commitment of the Ayatullah to the bloody Persian Gulf war is ended...
...President Saddam Hussein, whom Iranian Leader Ayatullah Ruhollah Khomeini has vowed to crush. The global importance of the war was shown anew last week when the U.S. aircraft carrier Kitty Hawk moved to within striking distance of newly installed Iranian missile batteries that threaten shipping lanes in the Persian Gulf. Though Basra is usually closed to Western reporters, Dean Fischer, TIME's Cairo bureau chief, visited the devastated city last week. His report...
...10th convoy since U.S. warships began escorting reflagged Kuwaiti tankers 21/2 months ago resumed its voyage down the Persian Gulf yesterday...