Word: midlands
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Dates: during 1980-1989
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...Texas, anxious depositors withdrew $447 million during the first half of the year from the First National Bank of Midland (assets: $1.5 billion), whose loans to oil and gas producers turned sour. Earlier this month, the bank reported a second-quarter loss of $109.3 million. Many banks are now teetering on the brink of collapse. At the end of July, the Federal Deposit Insurance Corporation listed 540 "problem" banks, ranging from small state-chartered ones with too many weak agricultural loans to nationally chartered banks with bad business loans. Among the 540, the FDIC secretly lists dozens as likely...
Following a 1964 dioxin spill and outbreak of chloracne at Dow's Midland, Mich., plant and complaints from consumers, Dow met with other chemical companies to discuss "problems of health" associated with dioxin. Dow says that the get-together was an attempt to police the industry from within and coordinate methods to keep the level of dioxin in Agent Orange below the danger point. In 1970 Dow recommended to then Defense Secretary Melvin Laird that the Government set a safer maximum level of dioxin content in Agent Orange...
Chicago's Midland Hotel has already put terminals in 100 of its 300 rooms at a cost of $30,000. Some 120 other hotels, including Hiltons, Sheratons, Marriotts and Holiday Inns, are currently installing the machines in 80 cities...
...after 64 workers at its Midland plant developed chloracne following exposure to dioxin, Dow began a full-scale investigation of its effects. When dioxin was administered to rabbits, their livers were severely damaged. As one participant in the 1965 meeting later wrote, the Dow scientists reported that "even vigorous washing of the [rabbit's] skin 15 minutes after application [of dioxin] will not prevent damage and may possibly enhance the absorption of the material...
...years after the private parley of scientists, the Midland area is still wrestling with dioxin. It continues to show up in tainted water from Dow's Midland plant, has been found in fish in ten Michigan rivers and is the source of considerable anxiety among local residents. Says Diane Herbert, a young mother of two children: "Almost everyone seems to have thyroid problems, and there are a lot of skin tumors and allergies in pets." To assess those fears, Michigan's state health department is seeking state or federal money for a major study of dioxin...