Word: indus
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Dates: during 1980-1989
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Last week Cleveland's National City ($6.6 billion) announced plans to merge with Columbus' BancOhio ($6 billion). Indus try Analyst James Wooden of Merrill Lynch estimates that by 1995 the U.S. will have only 25 to 35 national banking organizations. Citicorp, BankAmerica and the other leading financial-center banks remain relentless in their determination to knock down the remaining roadblocks to expansion across state lines. The financial giants sometimes lose a round or two, but they always fight back...
Pension experts estimate that U.S. corporations currently have $100 billion more in their retirement funds than is necessary to meet expected obligations. By creating new rivalries in a once complacent indus try, the independent pension-fund man agers have made it easier for companies to ensure the financial futures of their workers...
...than 38 times. Getting the eight-story-high, 2,300-ton excavator and its 1 million spare parts to Sudan, the largest nation in Africa and independent since 1956, was a challenging task. The machine had been in Pakistan, where it was used to dig a passage between the Indus and Jhelum rivers; it had to be broken down into 742 components for transport by ship, rail and barge...
...author of three earlier books condemning drugmakers, Silverman is a persistent gadfly, but an influential one. Among his targets are the biggest drug producers in the world. Switzerland's Ciba-Geigy, fourth in sales in the indus try, is accused in the report of dumping 30th clioquinol and aminopyrine. The West German giant Hoechst and E.R. Squibb and Sons, Inc., of Princeton, N.J., are charged with selling tetracycline in Southeast Asia without sufficient warnings that the antibiotic can discolor children's teeth. California-based Syntex Corp. is taken to task for failing to publish standard warnings on birth...
Epstein makes many sound and commonsensical points but frequently ignores evidence that would modify sweeping statements. He says, for example, that the brainy and ambitious are no longer attracted to basic indus tries like "extracting ore and minerals from the earth, revolutionizing technology through invention and advancements in organization...