Word: largest
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Dates: during 1980-1989
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Beginning in the early 1960s. Harvard operated the Cambridge accelerator with MIT. The facility, which was housed directly behind the current High Energy Physics Lab at 42 Oxford St, was the nation's second largest accelerator...
...future prosperity. Brazil, for example, borrowed $7.5 billion to make its steel industry into a world-class competitor. But many other projects turned into financial sinkholes, in part because of bad planning and incompetent management. Brazil and Paraguay are cooperating in the construction of Itaipu, the world's largest hydroelectric project, which has a dam almost five miles long. To date, nine years after it was begun, Itaipu has cost $18 billion and has generated not a single kilowatt of electricity for Brazil and only a small amount for Paraguay. Says Joāo Camilo Penna, the Minister...
...India faced a gaping, long-term payments deficit. The previous year its oil-import bill had jumped to $5 billion and foreign exchange reserves had fallen by $1.4 billion in seven months. Prime Minister Indira Gandhi, then newly returned to office, responded by negotiating the largest loan in the history of the IMF, $5.8 billion. Critics in New Delhi immediately charged that she had plunged the country into a "debt trap." Yet last November, Mrs. Gandhi announced that her government would not need the last $1.1 billion installment of the loan. What had happened? Increased domestic oil production and remittances...
...banking circles, the naming of a new chairman at Citicorp is like a coronation or a papal election. For years, speculation has mounted about the heir to Walter Wriston, 64, who retires in August as head of the largest (assets: $142 billion) private banking institution in the world. After a Citicorp board meeting last week, a bulletin was flashed to the company's 2,789 offices around the globe, and the suspense was over. The new chief: John S. Reed, 45, the brash and brainy young executive who led Citicorp's charge into nationwide consumer banking...
...Information Services in Orange, Calif., the largest credit-reporting agency in the U.S., keeps credit histories of some 90 million Americans. Access to its files is gained with a computer password, actually a number code. Last week TRW officials confirmed that an account password had been filched from one of its creditor subscribers, a West Coast Sears store. It was then posted on so-called electronic bulletin boards, which almost any computer enthusiast can hook into through phone lines...