Word: lasting
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Dates: during 1980-1989
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Actually, I really did put my feet up at one point," George Bush said last week by telephone from the White House. "I did it thinking, 'I'll show 'em I really meant it to be a feet-up meeting.' So I put my feet up on one of those round sofas that were bolted to the deck of the Gorky. Gorbachev and I were leaning over toward one another. There were no inhibitions...
...Government. After only four days as Deputy Prime Minister, Marian Calfa won the top job last week when Ladislav Adamec quit. At week's end Calfa offered to form a Cabinet in which half the members would have no ties to the Communist Party...
...last two years of this decade could be the Spring of Nations in Central Europe. I am deliberately drawing the analogy to 1848, which was called the Spring of Nations because Central European nations rose against authoritarianism...
After more than two troubled years as the Government's top savings and loan regulator, M. Danny Wall fell victim to the nation's spreading S&L scandal. The clamor for his ouster mounted last month after lower-ranking bank examiners told Congress that Wall had unduly delayed for 21 months a Government takeover of high-flying financier Charles Keating's Lincoln Savings & Loan Association, whose collapse could cost taxpayers $2.5 billion. Last week Wall finally bowed to the pressure and resigned as director of the Office of Thrift Supervision. He had been victimized, Wall complained, by "simplistic efforts...
That crisis could soon become worse, because new requirements designed to strengthen the thrifts could instead push many of them into extinction. Starting last week, S&Ls must greatly increase their capitalization as a hedge against losses from problem loans, interest-rate swings and bad investment decisions. Among other things, they will be required to maintain "risk-based capital" equal to 6.4% of their risky assets, such as shopping centers and fancy resorts. Because many thrifts are only marginally profitable, raising the funds to meet the standards may prove impossible for them. Some analysts warn that half the nation...