Word: lay
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Dates: during 1990-1999
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...guilty plea, hammered out during four months of intense negotiations among banking authorities and prosecutors in Washington, London and Luxembourg, was designed in part to impose some order on the worldwide scramble to lay claims to B.C.C.I.'s remaining assets. So far, auditors have found only $1.5 billion in the coffers of a bank that once held $22 billion in deposits. "We felt we could duke it out for years, or we could accommodate each other. I think we found a fair arrangement," says George Terwilliger, the acting Deputy U.S. Attorney General...
...week. Industry experts predict as many as 35,000 employees, or about 9% of GM's work force, may be gone by 1993. TRW, the defense and credit- reporting firm, plans to cut 10,000 jobs, or 14% of its payroll, during the next 18 months. And Xerox will lay off 2,500 workers, or some...
...anti-tenure drive has inspired fierce opposition from the National Education Association, the nation's largest teachers' union. "I don't ever want it to be cheap to lay off an incompetent teacher," says N.E.A. president Keith Geiger. "But I don't want it to be impossible, either." He stresses that tenure was never meant to be a lifetime sinecure but was intended as a guarantee against dismissal without just cause. Says Albert Shanker, president of the American Federation of Teachers: "An elected politician can't say, 'I'm going to fire you because you didn't support...
...head of the sole Central Asian republic outfitted with nuclear weapons, only Nazarbayev can quell Western qualms about a divided weapons arsenal. And only Nazarbayev can lay to rest Muslim fears of Slavic dominance. Short, stocky and sophisticated, Nazarbayev, 51, came to international prominence during the August coup when he steered a level-headed course between renouncing the reactionaries and warning Yeltsin against politically explosive attempts to rearrange borders. He was tapped after the coup to introduce the notion of a state council comprising Gorbachev and the republic leaders...
Dupont and other Republicans identify the President's waffling on the issue of extending unemployment compensation benefits as particularly harmful to Bush. "The folks being laid off now are highly skilled, hard-working taxpayers caught in a depression," says Dupont, who has been forced to lay off four employees from his heating-fuel business in order to carry customers who cannot pay their bills. "When they look to the government for help and hear the President say things aren't so bad, their fear becomes anger...