Word: laborities
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García had no choice politically but to resist foreign creditors. Peru's fragile democratic government, only five years old, must contend with a rebel guerrilla insurgency as well as an economy in crisis. Inflation runs at 250%, and about two-thirds of the labor force is either unemployed or working part time. Worst of all, García alleges, wealthy Peruvians have been frantically buying U.S. dollars and putting money into bank accounts abroad. To stop this capital flight, García shut down Peru's banks after he became President. When he allowed them to reopen two days later, accounts...
...that rating systems are too subjective. Warner Bros.' Bob Merlis says Elvis Presley could have been stamped with an X for promoting bondage and sadism in (Let Me Be Your) Teddy Bear. In that 1957 classic, the King cooed, "Put a chain around my neck and lead me anywhere." LABOR RELATIONS Of Pride and Protectionism...
...treaty prohibits member nations from acquiring nuclear explosives, testing atomic weapons and dumping nuclear waste. But individual countries will decide whether to allow ships or aircraft equipped with nuclear weapons to cross their territories. New Zealand's ruling Labor Party has refused to allow port calls by nuclear-powered or -armed warships. Last week Prime Minister David Lange said he plans to introduce legislation before the end of the year to make the ban permanent. EL SALVADOR The Bishops' Bleak Warning...
...With the labor agreements in hand, Icahn sweetened his bid to $24 a share, or a total of more than $500 million for the two-thirds of the airline's stock that he did not already own, topping the Texas Air offer by $1 a share. Lorenzo countered at week's end with a $26-a-share bid, but' Icahn disregarded this last-ditch offer, saying that he would continue to purchase TWA stock and close in on the 51% total needed for outright control of the company. Said Icahn's ally Hoglander: "Full steam ahead and damn the torpedoes...
...play. No specified amount of time, like 30 sec. in the huddle or 24 sec. to shoot, but a good deal of time, a suspension of time, almost an absence of time. Last week's interruption, blessedly brief, was not a time-out but a time-in. The labor leaders were starting a clock in a timeless place. One baseball season is a novel that develops into a chapter that dissolves into a sentence and ends up a phrase. A career can be that way too. Even an era. But anyway, a season is the minimum span of any meaningful...