Word: move
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Dates: during 1980-1989
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...prepare for the day when they would have to acknowledge the hopelessness of collecting most of their troubled loans to developing countries. Last week that process gave way to a rush of reality as three major banking companies set aside funds to bolster their loan-loss reserves, a move that will give them stiff deficits now but help insulate them from defaults in the future. Manufacturers Hanover added $950 million to its reserves, Chase Manhattan $1.15 billion, and J.P. Morgan $2 billion. To shore up its finances, Manny Hanny also agreed to sell CIT Group, its corporate- finance subsidiary...
...reason for the move: pressure from the Bush Administration's debt- reduction plan. A Sept. 13 agreement to ease Mexico's debt gives banks the choice of lending new money to the country or accepting a 35% cut in the value of their outstanding loans...
...fortified wine in a 70-block downtown district. Some law-enforcement experts are skeptical about the effectiveness of such restrictions, saying that drunks could buy their alcohol in a better neighborhood. But Phillip Faight, chairman of a San Francisco group called Safe and Sober Streets, hailed Gallo's move. Said Faight: "If only one person goes to detox as a result of this, the whole thing's worth...
...those meetings failed, that was it." Cristiani expressed a willingness to discuss the F.M.L.N.'s proposals for judicial and electoral reform. At the same time, he shot down key elements of the F.M.L.N.'s nine-point plan put forward in Mexico, most notably the guerrillas' bid to move up legislative and municipal elections scheduled...
...rundown on Moscow's problems with its economy and restive nationalities. The two men took off their jackets and leaned so close together that their faces were just inches apart. Shevardnadze's tone was urgent. "We need fresh ideas," he told reporters. "It is high time for us to move from mutual understanding to mutual action...