Word: maye
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Dates: during 1980-1989
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Since taking over as Deutsche Bank's sole chief executive in May 1988, Herrhausen had aggressively begun to change the bank, the world's 20th largest, from an insular institution to a global financial power. Only last week he made a $1.4 billion takeover bid for the British merchant bank Morgan Grenfell Group PLC. Throughout his life, Herrhausen viewed himself as a man driven by destiny to lead West Germany to new heights as a world economic power. It was a mission that was brutally shattered on a street in Bad Homburg last Thursday morning...
...work on behalf of Charter 77, a human-rights organization he helped found, Havel spent more than four years in jail. His latest internment ended last May; he had served half of an eight-month sentence after speaking on Western radio. The charge: inciting antigovernment demonstrations. It seemed no small irony that last week, largely through Havel's efforts, the street protests were halted to give the government and opposition some breathing space to pursue negotiations...
...base north of Manila, retook the skies for Aquino. The unusually decisive action by George Bush earned him bipartisan praise for coming to the rescue of democracy. Said U.S. Senate Majority Leader George Mitchell: "The President's decision was an appropriate and prudent one under the circumstances." But Aquino may be haunted by her decision for the rest of her political life. Alluding to the Philippines' former status as a U.S. possession, Max Soliven, a columnist for the pro-Aquino Philippine Star, wrote last week: "When a government cannot overcome a rebellion without 'outside' help, I hope that this does...
What brought on the rebellion? Aquino may have restored the country's democratic institutions, but she has allowed the 147,500-man-strong military to continue along the dangerous course it took during the latter years of the Marcos regime. As young colonels, radical rightists and Marcos loyalists intermittently mounted coups against her, Aquino was forced to depend on military men like Ramos and De Villa to make sure that the armed forces did not entirely turn on her. Unfortunately, the management policies of these top officers were forged during the dictatorship, when promotions were decided almost wholly...
...price paid for saving Philippine democracy, however, could one day doom it. The political situation is a shambles. A drive to win new foreign investment is now likely to be aborted. Worst of all, though U.S. jets may have flown the colors of liberty, their intervention was a psychological blow to the Filipinos...