Word: high
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Dates: during 1980-1989
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...began: in the Supreme Court. Though the court has not yet agreed to hear an abortion-related case this term, Thornburgh's Justice Department wasted no time in its efforts to place the subject on the docket. Just two days after the election, it filed a brief asking the high court to hear a case from Missouri. "If the court is prepared to reconsider Roe v. Wade," argued the document, "this case presents an appropriate opportunity for doing...
Battered pro-choice groups, who kept a relatively low profile during the campaign, are now pulling out the stops for their own last-ditch, high- visibility crusade to safeguard the right to abortion. "We are determined that not one woman in America will die or be maimed from a back-alley abortion because George Bush was elected President of the U.S.," said Molly Yard, president of the National Organization for Women. NOW is planning a huge letter-writing campaign to petition the Justice Department and Supreme Court to retain Roe v. Wade, plus a protest at Bush's Inauguration. Together...
...finance and industry. Assembled by the First Boston investment firm, the group of newcomers included Jay Pritzker, the Chicago-based chairman of Hyatt Corp., his wealthy family and Philip Anschutz, a Denver oil billionaire. First Boston also wooed Harry Gray, the retired chairman of United Technologies, and several other high- rolling investors. The group came into the bidding with a show-stopping but tentative offer of cash and securities worth up to $26.8 billion, or $118 a share, for RJR stock that traded for $56 a share in mid-October...
Whoever wins the grab for RJR, a highly leveraged takeover could add more debt to the U.S. economy than any previous business deal. All told, corporate debt has climbed from some $965 billion in 1982 to $1.8 trillion this year, a rise from 32% to 37% of U.S. gross national product. LBOs can be especially worrisome of borrowing, because they replace virtually all of a company's equity with IOUs that must be repaid. A sudden downturn can thus put a firm heavily in hock out of business. "High leverage is unsafe, not just for a company...
...HIGH ROAD by Edna O'Brien (Farrar, Straus & Giroux; $18.95). The Irish author made her reputation writing about headstrong girls dashing toward the flame of maturity; her tenth novel portrays women who have come out on the other side, badly burned...