Word: loads
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Dates: during 1980-1989
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Today Rohatyn is trying to protect U.S. financial institutions from the dangers of what he considers to be poorly financed mergers and takeovers. The U.S. business system, he argues, is threatened by "excessive risk taking," speculation and the huge load of debt that most mergers create. "The climate of confidence required of our financial institutions is being eroded," he says...
...trillion corporate debt load is crippling, Rohatyn notes. Too much of the debt has been created by firms to finance takeovers with borrowed money. The result, he argues, is that many companies are particularly vulnerable to an economic downturn. In a recession, these corporations might be unable to make interest payments on their debt, and the result could be enormous loan defaults. Firms may already be unable to make needed investments in their basic business. Says Rohatyn: "At a time when we are trying to strengthen our important industries to make them more competitive, this weakens them by stripping away...
...safety experts, who had no firsthand information, pointed to the weather: ice had formed on other planes at Gander that night, and some pilots had taken deicing precautions. Captain John Griffin of the doomed aircraft had not. Other experts noted that the 90-ton aircraft, packed to capacity and loaded with more than 60 tons of fuel, may have been approaching its maximum load for a safe takeoff...
...studies discovered that the extensive purge-well system was recovering only half of the polluted groundwater. Hooker was unwilling to spend more on clean-up and the state has been unwilling to sue a second time. And even had the system worked perfectly, could it have permanently contained its load of poisons? Said one community activist, "To the best of my knowledge, there is not one single example of such a vault in the world today which has not leaked sooner or later--and usually more sooner than later...
Then the Brits caught on. As midnight struck on the night when the latest year's wine was officially released, dashing restaurateurs would load up their sports cars and speed back through the darkened French countryside in order to be the first to serve the Nouveau at their cosmopolitan London bistros...