Word: loads
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Dates: during 1980-1989
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Penn Central. The 1968 merger of the Pennsylvania and New York Central railroads was the largest corporate consolidation up to that time. But management squabbles and a crushing debt load derailed Penn Central in June 1970, three days after the Nixon Administration rejected a company plea for $200 million in loan guarantees. Bankruptcy, however, turned out to be only an intermediate stop. To keep the railroad running, the following year Washington provided up to $125 million in guarantees and later absorbed the company's rail operations into Conrail, the Government-run railroad. Now a diversified manufacturer (1983 sales...
Every year before its summer recess the U.S. Supreme Court caps months of work with a final deluge of opinions that appears to undermine the institution's image as a temple of calm reflection. Whether the cause is the court's work load or the Justices' inclination to be dilatory, this year has been no different. At the start of last week, the court still had 43 undecided cases, almost one-quarter of the full term's output. By the end of last week, 20 decisions had been announced in a mountain of opinions, concurrences...
...Says he: "The foreign debt's most irritating feature for the Argentines is that the money was not converted into the expansion of the economy and the creation of capital. Quite the contrary." That caustic observation could apply to nearly every Latin American country. Although their debt load has quadrupled since 1973 to $350 billion, the borrowers have tragically little to show...
While Miller and other Disney executives have survived for now, their company emerges from its battle with Steinberg in a much weakened position. Arvida and Gibson are not natural business partners for Disney, yet they have more than doubled Disney's debt load, to $850 million...
...commissioned a report to find out just how correct is the image of the malcontent assistant professor who hasn't a shot in the world at tenure. Is the system fair? And what can Harvard do to make junior faculty, who bear such a large portion of the teaching load here, feel more comfortable? Harvard can also take steps to attract even better junior faculty in the first place. Such a move would help to raise the low number of internal promotions that survive Harvard's tenure process--a process that has been described as tantamount to the canonization...