Word: lowered
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Dates: during 1980-1989
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...beating Citicorp's pants off in international lending," according to Joan Goodman, who follows the industry for the Pershing brokerage firm. Because most of Citicorp's foreign competitors have already set aside large reserves against potential Third World losses, those banks have enjoyed higher international credit ratings and therefore lower costs in raising money and capital. Reed's draconian new effort, says a top West German finance official, "certainly represents an effort by Citicorp to catch up with its competitors on the Continent...
Should a woman pay the same insurance rates as a man? Insurance companies have long insisted that since women, on average, live longer than men, some of their payments should be higher and some of their benefits lower. But many feminists argue that such pricing constitutes discrimination. Last week Massachusetts became the latest state to promote unisex rates for all types of insurance (Montana was the first state to do so). Massachusetts Insurance Commissioner Peter Hiam ordered that firms based in his state even up their rates by July 1988. Says Hiam: "Massachusetts does not see any social value...
Unlike guide books, "Artwalks" allows tourists to view the sights without having to raise and lower their heads, Markow said. The cassettes also allow the tourist to advance at his own pace. "You can turn off the tape and stop in the middle if there's something you wnat to investigate," Markow said...
...demanded amnesty for those charged with violating human rights under the military regime in the 1970s, Argentine President Raul Alfonsin defiantly put down the uprising. But while Alfonsin may have won that battle, he apparently lost the war. Last week the President proposed a law to end prosecution of lower-ranking officers, on the ground that they were only carrying out orders. If it passes, as expected, the majority of the 400 officers on trial would be exonerated...
Pollster Vilen Ivanov said he found that Soviet workers feel Gorbachev's economic reforms have so far meant more work, less growth and lower incomes. "The worker's job has not yet undergone any radical change in character, organization or pay," Ivanov told Izvestia. Still, when people were asked their overall view on Gorbachev's economic policies, 90% declared their full support, and only .6% expressed opposition...