Word: horizons
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Dates: during 1980-1989
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Nearly everyone saw an attacker on the horizon. The question was who it would be. For weeks the rumors swirled that someone might launch a takeover raid on American Airlines, the largest and most respected U.S. carrier. In August the board of American's parent company, AMR, bolstered its so-called poison-pill defenses by allowing management greater flexibility to issue new stock in order to make a takeover more expensive. The Fort Worth company also signed up the high-powered Wall Street firms Goldman Sachs and Salomon Brothers to develop a full-defense strategy. AMR even asked...
...eleven-car train starts in Montreal and hooks up in Sudbury with another train from Toronto before setting out toward the west, along a 2,800-mile route. It plows across the vast prairies of Saskatchewan, where wheat and canola fields stretch from horizon to horizon. Then it is on to the Rockies, along ledges that would make an aerialist faint. It presses near the old Calamity Curve, through the Jaws of Death Gorge and, lest passengers have failed to get the message, into the Devil's Caldron...
...Harvard can serve itself and our society by transcending the notoriously short American time horizon and continuing to invest in minority and women graduate students. The payoff will take a while. In Putnam's words, "It takes time for people to become major scholars whether they are male, female, black, white or pink." But is that an excuse not to push ahead...
...Clancy, the beckoning horizon has long been Government service. He is still enough of an earnest outsider to recall each of his seven visits to the White House (the most recent: in March, to watch a screening of New York Stories with George Bush). But ever since Ronald Reagan stepped forward as Clancy's First Reader, the author has had more reason than most to muse about the what-ifs of being officially on the inside...
...recovery in just under two years, Wall Streeters are asking, Can it happen again? Is this boom any different from the last one? "Stock prices have been climbing a wall of worry," says Robert Farrell, the chief market analyst at Merrill Lynch, who sees "a significant correction on the horizon...