Word: moribund
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Dates: during 1980-1989
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...improved Conrail bears little relation to the moribund operation that the Government took over. The old line was burdened by excess tracks, rickety roadbeds, union featherbedding and weak management. Shippers used to exchange stories about lost cargoes and goods damaged by frequent derailments...
...unfolding, meanwhile, at the annual meeting of GAP in Charlotte, N.C. Stockholders witnessed a bruising battle between the company's current chairman, Jesse Werner, 66, and Samuel Heyman, 44, a Connecticut shopping-center magnate and owner of 5.7% of GAF's stock, over how to liquidate the moribund company. Factions on both sides have been attacking each other in a blitz of newspaper ads, questioning each other's competence and judgment. At one point, the Heyman group distributed a chart showing how Werner's salary and bonuses had gone from about $160,000 a year...
...foreign troops from Lebanon. Three days later, Reagan announced that he was sending Secretary of State George Shultz to the region this week. His stated mission is to wrap up the withdrawal negotiations, but the hastily arranged trip is also an attempt to revive the President's moribund peace plan, according to which the Israeli-occupied West Bank and Gaza Strip would be linked to Jordan...
Alan Greenspan, economic consultant and former chairman of the Council of Economic Advisers: "Propping up failing companies with Government loans delays the shift of resources into more productive ventures. Policies focused on protecting jobs in moribund industries must eventually fail and, in the end, destroy more jobs than they save...
Despite the moribund state of the record industry, this year's Christmas offerings are of surprisingly high quality, as a visit to any local record shop will prove. The latest single by the Chipmunks. "(All I Want For Christmas) Is My Two Front Teeth" (Mistletoe Records) should be on the top of everyone's gift list. Inexplicably buried in a compilation called The Best of Christmas along with some drab tunes by Lawrence Welk and Liberace, this recording finds lead vocalist Alvin Chipmunk in fine form Alvin's singing has gained in assurance over the years and his soulful...