Word: nationalize
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Dates: during 1980-1989
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Animal-rights groups have steadily gathered force. Last month Trans-Species Unlimited, an animal activist organization, staged its fourth annual Fur-Free Friday in 90 cities across the nation. In New York City some 3,000 protesters, led by perennial TV game-show host Bob Barker, marched down Fifth Avenue carrying signs and taunting fur-coat wearers with shouts of "Shame!" Says Barker, who resigned last year as host of the Miss Universe pageant because contestants wore fur: "We want people wearing fur to be embarrassed when they walk into a restaurant. Fur is obscene, fur is cruel...
...NATION: And now for the hard part...
After more than two troubled years as the Government's top savings and loan regulator, M. Danny Wall fell victim to the nation's spreading S&L scandal. The clamor for his ouster mounted last month after lower-ranking bank examiners told Congress that Wall had unduly delayed for 21 months a Government takeover of high-flying financier Charles Keating's Lincoln Savings & Loan Association, whose collapse could cost taxpayers $2.5 billion. Last week Wall finally bowed to the pressure and resigned as director of the Office of Thrift Supervision. He had been victimized, Wall complained, by "simplistic efforts...
...things, they will be required to maintain "risk-based capital" equal to 6.4% of their risky assets, such as shopping centers and fancy resorts. Because many thrifts are only marginally profitable, raising the funds to meet the standards may prove impossible for them. Some analysts warn that half the nation's 2,900 thrifts could eventually fail or be merged, voluntarily or involuntarily, adding billions to the $300 billion cost of the industry bailout. An early casualty: City Federal Savings Bank, New Jersey's largest thrift, was taken over by federal regulators on Friday, after recording huge losses from real...
...economic affairs -- a Soviet, a Hungarian, a Frenchman, a West German and an American -- to try and give definition to what Soviet President Mikhail Gorbachev calls "the common European house." During a six-hour meeting last week at an 18th century mansion in Brussels, the "capital" of the twelve-nation European Community, the group was asked to share insights on the future of Europe. The panel was not always in agreement but found consensus on some basic points...