Word: inks
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Dates: during 1980-1989
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Schwab has persistently criticized fellow Bank-America board members for indecision in cutting staff and closing branches to stem the company's hemorrhage of red ink. In February, Schwab was among the minority who backed an unsuccessful bid by Sanford Weill, the former president of American Express, to infuse the bank with $1 billion in new capital in exchange for the chairmanship. Says Banking Analyst Joseph Arsenio of San Francisco's Birr, Wilson investment house: "Schwab had to be frustrated with the gradualist approach taken by management and the other directors...
Alas, poor Gramm-Rudman. This year the federal deficit was supposed to start receding as a prelude to the Gramm-Rudman deficit-reduction targets of $144 billion for 1987 and zero for 1991. Instead, 1986 has turned into another year of record red ink. Last week the Office of Management and Budget predicted that when the accountants close the books on fiscal 1986 in September, the federal deficit will stand at a stupefying $230 billion, $27 billion more than the Government predicted in February. Said a chagrined OMB Director James Miller: "It is not something I'm proud...
Regrets Only, her first novel, highlights a growing Washington phenomenon: reporters are no longer just ink-stained hacks who cover the capital's celebrities; they have become, in fiction and fact, stars in their own right. In a town where power and glory are as ephemeral as the jobs that confer them, top reporters who stay put can become the most enduring part of the celebrity elite. It is a theme of Sally Quinn's novel--and of her life...
...loans. Says James McDermott, who studies the region's banks for the investment firm of Keefe, Bruyette and Woods: "The situation is deteriorating, and there is no end in sight to the crisis. Recovery is three to five years away." Indeed, the only gushers in Texas are spouting red ink. Last week Dallas-based InterFirst (assets: $19.2 billion), the state's third- largest banking company, posted a second-quarter loss of $281.1 million...
...women warriors of classic Chinese literature." Aliens was no take-the-money-and-run proposition (though she was paid $1 million, about 30 times her salary for the 1979 original). As Cameron remarks, "She's intensely prepared. Her copy of the script was marked with 17 different colors of ink. The margin notes were incredible: she got the dramatic significance of almost every line of dialogue and how each one might tie in with a later scene...