Word: hamper
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Dates: during 1970-1979
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Hard Bargain. Merrill Lynch President Donald T. Regan reluctantly agreed to have the firm put up an immediate $15 million to save Goodbody. He said that Merrill Lynch had gone along because a Goodbody collapse "might hamper the orderly functioning of the nation's capital markets." Regan drove a hard bargain. Exchange officials had to agree to assess the 578 member firms a total of $30 million to guarantee Merrill Lynch against losses that it might suffer in taking over Good-body. At week's end, it was still uncertain whether Merrill Lynch will absorb Goodbody by itself...
...these benefits, the federal worker puts up with inflexible work rules that hamper his initiative and a rigid salary system that limits his ambition. The 15-grade scale, which covers the overwhelming bulk of white-collar civil servants, runs from G51 for messengers, who start at $4,125, to GS-15 for program managers, who begin at $22,885. A medical aide (GS-2) makes $4,125 to start, and a typist (GS-3) $5,212. There are virtually no merit increases, and the periodic raises within each category are small. It would take 18 years for a worker...
Died. Dr. Stuart Brinkley Jr., 54, physicist and pioneering researcher into the characteristics of explosives; of a heart attack; in South Bristol, Maine. Though he lost both hands in a lab explosion while a student at Yale, Brinkley did not let the tragedy hamper his career: he learned to use artificial hands, experimented without letup. His treatise on blast wave theory, written with Cornell Professor John Kirkwood, is a classic in its field...
Organizational Nightmare. Covering every phase of Defense Department operations, the panel found the Pentagon an organizational nightmare in which conflicting loyalties, vaguely defined responsibilities and excessive centralization of authority hamper civilian control and prevent efficient operation. "It's just an amorphous lump with nobody in charge of anything," said Fitzhugh at a news conference. "There is nobody you can point your finger at if anything goes wrong, and there is nobody you can pin a medal on if it goes right, because everything is everybody's business. What is everybody's business is nobody's business...
...This could be very significant," Train told the Proxmire subcommittee, "because observations indicate the water vapor content of the stratosphere has already increased about 50% over the last five years." A water-vapor blanket, Train contends, could lead to greater ground-level heat and hamper the formation of ozone that shields the earth from the sun's ultraviolet rays...