Word: jannings
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Dates: during 1980-1989
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...Urban legends, despite their comtemporary sound, display the same characteristics as older verbal folklore. They pass from person to person by word of mouth, they are retained in group traditions, and they are invariably found in different versions through time and space."--Jan Brunvand, The Choking Doberman and Other "New" Urban Legends...
...Wall Streeters had been expecting a slowdown in takeover bids because of tax reform and the insider- trading scandal (see following story). Chrysler, which began considering the AMC purchase last summer, estimates that it missed out on $100 million worth of potential tax write-offs on the deal on Jan. 1 because the advantages were eliminated by the reform legislation. Nonetheless, Iacocca was determined to buy AMC. Said he: "((The merger will)) strengthen both of us in what's already become a tough market...
Technically, the announcement was unnecessary; in legal terms, Bruce Babbitt has been a candidate for the Democratic presidential nomination since he filed papers with the Federal Election Commission on Jan. 7. Politically, it was essential; what the former Arizona Governor needs most is publicity. So last week Babbitt, 48, declared his candidacy -- three times -- with speeches in (where else?) New Hampshire and Iowa and a press conference in Washington...
...issue is more than $50 million in compensatory and punitive damages claimed by 65 plaintiffs, following a train wreck in Sturgeon, Mo., on the night of Jan. 10, 1979. A tank car on a Norfolk & Western freight broke a coupling and derailed, spilling 19,000 gallons of orthochlorophenol. Sturgeon was evacuated for two days while the spill was cleaned up. Then Monsanto announced that the spilled chemical contained a minute amount of dioxin, the type designated as 2,3,7,8-TCDD and described as the most toxic synthetic chemical known to man. A mere thimbleful was involved. But because...
...Iran-Contra affair has mushroomed into a full-fledged scandal in the intervening months, with the president's popularity plummeting in the polls to the lowest level of his presidency. On the personal side, Reagan underwent prostate surgery on Jan. 5, and spent several weeks working on a reduced schedule...