Word: moneyed
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Dates: during 1980-1989
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...there is still a deep-seated reluctance to take drastic measures. Briefing reporters after a Paris conclave on money laundering last September, a senior U.S. official declared that global efforts to trace drug money will have to be balanced against the freedom from unnecessary red tape. Too many controls, he declared, could "constipate" the financial exchanges. That is the kind of attitude that has brought the system to its current state, in which drug money freely mingles with the life force of the world economy, like a virus in the bloodstream...
...Vienna and Geneva only underscored warnings that there will be no quick "peace dividend" for the overstretched federal budget. Defense Secretary Dick Cheney's planned $180 billion in Pentagon cuts through 1995 amount to little more than deletions in the military's wish list. Nuclear-arms control saves little money because it normally results in destruction of hardware that has already been paid for and often requires expensive verification methods. Reducing conventional forces could save money, but not much: defense-budget experts from the Rand Corp. to the Congressional Budget agree that a 50% reduction in U.S. troops in Europe...
...these challenges, Bush is still buoyed by an element of good fortune. Gorbachev seems content to let the President move at his own pace. The Soviets and NATO allies support a stabilizing U.S. presence in Europe. And a gradually reduced Soviet threat may enable Bush to squeeze just enough money from the military next year to keep the federal deficit moving downward. Bush recognizes that he is the benefactor of a rare alignment of stars. "I'm a lucky person to be President of our country in these very exciting times," he said last week. But as the ground...
People may think they can change only their own life-styles, but their influence extends far beyond their homes, cars and offices. Americans can put their money where their ideals are by investing in companies that respect Mother Nature. Several mutual funds have been set up to buy shares only in corporations judged to follow the Valdez Principles, a set of guidelines for environmentally sound practices. Most important of all, Americans, like the citizens of all democracies, have the ultimate political power to enforce their will. If they are anxious to have a cleaner, safer, healthier environment for themselves...
...long, many U.S. companies have looked upon the ecology movement as bad for business. Putting scrubbers on smokestacks is expensive, they lament, and drafting all those environmental-impact statements can consume an enormous amount of time and resources. But while cleanup efforts cost money in the short run, they can eventually pay hefty dividends. As more and more firms are discovering, many environmentally sound practices can build up goodwill, win customers and produce a healthier bottom line...