Word: journalism
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Dates: during 1980-1989
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...amounting to almost $1 billion in losses in the past five quarters at BankAmerica. He also faces the unwelcome challenge of a more than $2 billion merger offer from Los Angeles-based First Interstate Bancorp (assets: $50 billion). Last week a new possibility was reported by the Wall Street Journal: Citicorp, the largest U.S. banking institution, with assets of $176 billion, was also pondering ways to acquire BankAmerica...
Goldhaber's complete study appears in today's issue of the British journal Lancet...
Administration spokesmen continue to insist the raw intelligence about Gaddafi's activities was accurate, if overblown. The sources for the Wall Street Journal story, they said, had glossed over the relative value of the intelligence information and the U.S. military's readiness to respond. The Journal story quoted a "top official" as saying Gaddafi "seems to have gone off his rocker again." Other officials claimed he was involved in terrorist plots in Cyprus and Berlin. But the Poindexter memo contended that "Gaddafi is temporarily quiescent in his support of terrorism." The Journal wrote that Administration officials were convinced...
...Journal also reported that the U.S was considering a joint action with France to drive Libyan troops out of Chad. According to the Post, a State Department planning paper about the deception campaign had suggested that a scheduled trip to Chad by a U.S. general "provides an opportunity for disinformation to reach Gaddafi that the U.S. and France are developing contingency plans for a 'Chad Option.' " Finally, the Journal claimed that the "Sea Wind" exercises, long-planned U.S.-Egyptian maneuvers under way in the Mediterranean at the time of its Aug. 25 story, "are intended to keep the Libyans...
Most U.S. news organizations grew increasingly skeptical at the time that anything substantially new was afoot. The Pentagon denied plans for impending military action, and even Poindexter quietly cautioned reporters that the Journal story had been inflated. The story in TIME's Sept. 8 issue referred to all "the rumors" and said, "The shadowboxing smacked of psychological warfare to keep Gaddafi off balance...