Word: highes
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Dates: during 1980-1989
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...there is a message in all this for high school seniors and their parents nervously prepping for the college gauntlet, it is simply "Relax." To its credit, American higher education remains infinitely less hierarchical than that of Japan or France. In a nation of second chances, no college admissions office -- not even Harvard's -- has the power to either guarantee success or withhold...
...There's nothing simple about trying to replicate nature," says Jim Webb, regional director of the Wilderness Society, "but it has to be done." Florida's research shows that high levels of phosphates and nitrates from farm runoff have transformed more than 20,000 acres of Everglades saw grass into cattails. These intruders, which thrive in high-nutrient water, suck the oxygen from the marsh and suffocate aquatic life at the bottom of the Everglades food chain. On shallow ponds and canals, nutrient-fed algae grow so thick that they block the sun from underwater plants. So far, most...
...thought, If you get through this, it will be much better for the next woman." As it turned out, she was the next woman, and by 1986, when she returned to power, her gender was no longer much of an issue. The collapse of oil prices had left Norway high and dry and deep in debt: Brundtland dazzled both friends and foes with a perilous high-wire act. On one hand she capped wages, devalued the krone and clamped down on consumer credit in an effort to restore Norway's export markets. But at the same time she kept...
...latent dread of junk-bond investors is that one really colorful case of corporate distress might set off a selling spree in the volatile market for the high-yield securities. Last week their fears shot to the surface when Canada's Campeau Corp. said it might default on its debt, which is in part composed of junk bonds. That disclosure sparked the market's worst drubbing since the Crash of 1987, as traders rushed to dump their holdings. During the week, junk-bond issues fell in price by $10 to as much as $130 for each $1,000 in face...
...billion junk-bond market has grown explosively since the early 1980s, when Drexel Burnham Lambert's Michael Milken pioneered the use of high- yield bonds as a means to finance hostile takeovers. In the wake of his indictment last March for insider trading and racketeering, Milken has resigned his Drexel post and stayed far removed from the market. But speaking at a Manhattan conference on high-yield debt last week, Milken suggested that it was time to buy, not sell, junk bonds. Said he: "There is tremendous opportunity out there today...