Word: holdout
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...question now is whether Hong Kong, the last holdout against devaluation, can stand its ground. Hong Kong chief executive C.H. Tung said his government would do everything in its power, including spending down some of its reserves, to guard the exchange rate. To discourage borrowing by speculators, the Hong Kong Monetary Authority drained liquidity from the economy, which drove overnight bank interest rates as high as 300% last week. The banks then raised the prime rate from...
Inspired in part by an education summit that took place in May last year, 44 states are revising their standards, and five more are writing them for the first time (Iowa is the lone holdout). The term standards in this case refers to something quite specific: official, written guidelines that define what a state expects its public school students to know and be able to do. Some states have set standards for every grade; others measure students' progress over periods of several years...
SEATTLE: While Boeing awaits the final word from Europe on its proposed swallowing of aerospace rival McDonnell Douglas Corp., the company's owners are fully behind the deal. At a Seattle meeting of Boeing shareholders, the $15 billion merger was approved by slightly more than 99 percent. The holdout? James S. McDonnell III, a company director and descendant of its founder, who is voting his personal shares against the marriage as a protest against Boeing's refusal so far to include "McDonnell Douglas" in the merged company's name...
...fact, Wynn would pay $55 million of the projected $330 million cost of the 1.8-mile roadway. Wynn spokesman Alan Feldman, who shamelessly wonders if the holdout residents are trying to bluff more money out of Mirage, says the project will provide road improvements that were planned years ago and will make the neighborhood a better place. Mayor Whelan insists that other roadway routes would have displaced even more homeowners. He's sorry about Bryant Drive, but if Atlantic City doesn't take this next step--"Not just another casino, but an 'Oh, wow!' destination resort"--it will...
Your story on President Clinton's efforts to protect Yellowstone National Park from a proposed massive gold mine and the holdout stance of gold field-rights owner Margaret Reeb [AMERICAN SCENE, May 12] may have left some readers with the impression that the Clinton Administration would like to see the private owners of the land come away with nothing from a deal that would protect the park. The government is proposing to exchange assets for the Crown Butte mining company's rights and Reeb's property precisely in order to provide a fair deal for the property owners...