Word: junes
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Dates: during 1980-1989
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...year banking career in the late 1970s, after the breakup of his first marriage, to work as a shipping manager in Jidda, Saudi Arabia. Following a four-year stint as an employee of an oil cartel in London, Cicippio accepted the job at the American University in June 1984. "None of us wanted him to go, but he had made up his mind," said his brother...
...Israeli Cabinet approved the mission by a vote of 11 to 1 in June, after an earlier kidnaping failed to impress Mustafa Dirani, the man believed to be holding one of the soldiers. Last December, Israeli commandos seized Jawad Kasafi, a Dirani associate. But when Jerusalem offered a swap, Hizballah declined even to reply. Israel concluded it needed a bigger fish, and Obeid was selected...
Even so, Rafsanjani's earlier words of conciliation toward a nation the Ayatullah Khomeini labeled the Great Satan indicate a major change since Khomeini's death in June. Rafsanjani appears to have moved with surprising quickness to consolidate his leadership against challenges from more radical mullahs, particularly Interior Minister Ali Akbar Mohtashami, the principal link between Tehran and Hizballah in Lebanon. There are signs that the new President is also gaining influence over Hizballah, as he must if he is to deliver on any promises to help in the hostage situation. When Hizballah leaders went to Tehran several weeks...
SOUTH CAROLINA. While Arkansas' reform zeal is flagging, South Carolina seems to be catching its second wind. In June the legislature adopted "Target 2000," the second installment of the Education Improvement Act of 1984. The bill not only continues support for most of the act's original programs, it actually expands many of them. Says David Beasley, chairman of the house education and public works committee: "We've kept the heat on and the excitement rolling...
While no more than 5% of LBOs have so far been failures, an economic downturn could sharply raise the number of casualties. Warned Manuel Johnson, vice chairman of the Federal Reserve Board, in a June speech: "If there were a significant negative shock to the economy, high debt levels could lead to a succession of bankruptcies, causing a crisis of confidence." Johnson estimated that roughly 40% of all leveraged deals are in cyclical industries that are "more likely to run into trouble in the event of a severe slump...