Word: lowering
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Dates: during 1980-1989
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Time Warner came into existence last Monday after three Delaware Supreme Court judges delivered the final verdict in a seven-week battle that had riveted the attention of corporate America. Justice Henry Horsey matter-of- factly declared that the court had found "no error" in a July 14 lower- court ruling in which Chancellor William Allen denied a motion by Paramount Communications to block the merger of Time Inc. and Warner Communications. Said Horsey: "We therefore affirm the decision...
...endorsed by the World Bank and the International Monetary Fund, as well as at the economic summit in Paris last week, the plan calls for "reducing" -- in fact, forgiving -- some principal and interest, thus freeing borrowers' resources for growth. The banks end up holding IOUs that have a lower face value but a higher chance of being repaid. The increased prospect of the debtor nations' economic and political stability becomes reassuring collateral...
...private corporations, many HMOs can be quite profitable -- so long as their patients do not get too sick. The number of patients enrolled in HMOs has doubled in the past five years, to 32 million, often at the urging of cost- conscious employers. The goals: efficiency through greater competition, lower costs, accountability and better preventive care...
...polluting vehicles with less polluting models. Auto-company experts do not dispute the environmentalists' interpretation of the "fleet-averaging" provision, but they insist that the bottom line will still be cleaner air. "Some cars may be below and some may be above, but they all have to meet the lower standard on average," says an industry lobbyist...
...could handle biomedical studies, and others could be used as assembly and takeoff points for the Mars and subsequent missions. Just as with the moon base, these stations would operate indefinitely. Being smaller and less complicated than Freedom, the mini- stations could presumably be launched and built at a lower overall cost...