Word: laid
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Dates: during 1980-1989
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Having lost a staggering $640 million in the second quarter, BankAmerica is in the midst of an all-points campaign to cut costs and raise cash. The San Francisco-based giant (assets: $117.3 billion) has laid off 6.3% of its 80,000 employees this year, and last week it finalized the sale of its carleasing subsidiary to General Electric Credit for some $215 million. BankAmerica's main unit, Bank of America, completed a two-day auction that was billed as the largest farmland sale in California history. The bank put 3,821 fertile acres in the state's Central Valley...
...geniuses. The students are fiercely motivated (one girl is so crushed at getting a B that she has grounded herself), but Hesseman knows more about life and takes on the role of surrogate father. The pilot episode was overstuffed with characterization, but the funny premise and Hesseman's laid-back way with a line make the show one of the most promising comedies of the fall...
UNITA's efforts to topple the Luanda government have laid waste the countryside. Since the war began, guerrilla attacks and government mismanagement have combined to drive food production down by 80%; even in the fertile savanna plateau running across the heart of the country, half the children are suffering from malnutrition. Angola's diamond production, which once ranked fourth in the world, has plummeted by nearly 70%. Only the country's vast oil resources, including those controlled by Chevron Corp.'s subsidiary Gulf, continue to bolster the war effort. However, there are estimates that almost half of last year...
...local office holders and activists. They could hardly attain the polish of a campaign that tapped the best political talent in the country and much of its media, and which could afford not to cut corners. While Bachrach spent about $500,000 from January to September, the Kennedy campaign laid out more than $1 million...
...vivid reminder that Soviet-American relations operate according to Murphy's Law: given the depths of hostility and mistrust between the superpowers, whatever can go wrong will go wrong. Over the years a lot has gone wrong, and the timing has often scuttled the best-laid plans of statesmen, including some of the Soviet Union's own. In May 1960 an American U-2 plane was downed near Sverdlovsk, and Nikita Khrushchev stormed out of a summit meeting with Dwight Eisenhower in Paris. In August 1968, just as Lyndon Johnson and the Kremlin leaders were preparing to launch the Strategic...