Word: lasting
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Until last week financier Charles Keating had insisted on being the final witness at congressional hearings on the $2.5 billion disaster at Lincoln Savings & Loan, so that he could rebut the witnesses who had accused him of staving off a federal crackdown on his troubled thrift by lavishing money on influential politicians. But as the aggressive ex-fighter pilot, Olympic swimmer and pillar of the Phoenix business community was being sworn in before the House Banking Committee, his right hand trembled noticeably. His tanned face flushed, his 6-ft. 5-in. frame slumped, Keating, 66, demanded that television cameras...
...least five people were probably relieved that the normally garrulous financier had kept his mouth shut: the Senators who received a total of $1.3 million in contributions from Keating. The last time he was asked whether the money he gave to California's Alan Cranston, Michigan's Donald Riegle, Ohio's John Glenn and Arizona's Dennis DeConcini and John McCain had persuaded them to intervene with federal regulators on his behalf, Keating baldly declared, "I certainly hope so." Iowa Republican Congressman Jim Leach, one of the few members of the House Banking Committee who does not accept contributions from...
Though Keating's refusal to testify brought last week's hearing to an anticlimactic end, the scandal will soon be revived in other forums. The Senate ethics committee has hired an outside investigator to probe the Keating Five, and the FBI is now in on the investigation. Years may pass before the books are finally closed on this fiasco -- and decades before taxpayers are finished paying...
Mangled metal, crushed bodies, bloody survivors screaming for help amid piles of rubble. Last week terrorism showed up again in its favorite city, Beirut. Rene Moawad, President of Lebanon for only 17 days and the embodiment of a fragile new attempt at peace, was decapitated when a remote-controlled bomb, hidden in a shuttered shop, exploded as his motorcade passed by after ceremonies marking the 46th anniversary of Lebanon's independence. The estimated 550 lbs. of explosives tore trees out by their roots, hurled the engine block of Moawad's armored Mercedes 50 yards, shattered windows a mile away...
Moawad's election was a crucial step in a peace attempt brokered last month by the Arab League. The goal was to restore stability by giving Lebanon's Muslim majority greater powers in parliament and the Cabinet while reducing those of the Christian President. Under a new constitution, the President shares power with parliament, including the selection of a Cabinet that carefully balances Lebanon's religious sects. The U.N. Security Council, the U.S. and the European Community endorsed Moawad's efforts to form a government of national unity under this revised framework, and he had been making some progress despite...