Word: money
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Dates: during 1980-1989
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...meticulous planner and quintessential clubman of Japanese politics surprised his country by abruptly announcing that he would quit his post "to regain the trust of the people." Yet his departure had been a long time coming, as pressure built for months over what the Japanese call kinken-seiji, or money politics, the well-oiled system by which the nation's leaders attain power...
...Japanese must also decide whether to turn an unsavory scandal into an opportunity to reform their money-greased political system. That may prove the biggest challenge. Takeshita fell victim to his success at mastering the sometimes seamy rules of the system. In common with other party leaders, Takeshita indirectly received shares of cut-rate stock in Recruit, an aggressive information and real estate conglomerate. In all, Takeshita received more than $1 million in campaign contributions, stocks and secret loans from the company. The money went not to a personal account but to fund campaigns and pay staff salaries...
...fact, the economic conditions that provoked the unrest had been simmering for more than a year. Jordan has long been living beyond its means; a decade of Arab aid and overambitious borrowing provided an illusion of prosperity. But lately the money has begun to run out. Since last summer the Jordanian dinar has fallen 45% in value, while unemployment (now about 15%) and inflation (up to 30%) climbed steadily. In late March the government agreed on a budget-balancing plan with the International Monetary Fund aimed at paring the country's deficit and, ultimately, rescheduling Jordan's $6 billion foreign...
...capital structure will bolster a company war chest that already holds $4 billion in cash. The money will come in handy at a time when international pharmaceutical giants are scrambling to join forces. Hoffmann-La Roche, whose strong suit is prescription products, still smarts from its failure last year to acquire New York City-based Sterling Drug, the maker of Bayer aspirin, Phillips milk of magnesia and other popular over-the-counter brands. Sterling spurned the Hoffmann-La Roche offer and sold out to Eastman Kodak instead. "We wanted primarily to establish ourselves in the American over-the-counter market...
...Whipsaw City" on the stock exchanges, in the words of one of the esteemed financial-newsletter editors speaking at this three-day "money show." Up 25 points Monday, down 20 Tuesday. The common opinion, derived by computer analysis of 50 leading indicators or by going out and staring at the moon, depending on one's methodology, is that the future looks bad. The audience of gray and balding heads does not know if the economy will make a soft landing or a big splat, but for now they have their assets safely tucked away in Treasury bills and money-market...