Word: nearing
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Dates: during 1980-1989
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...said a labor-management group headed by Chairman Stephen Wolf had failed to get enough financing to acquire United. Several banks had apparently balked at the deal, which was to be partly financed through junk bonds. The takeover group said it would submit a revised bid "in the near term," but the announcement stunned investors who had come to view the United deal as the latest sure thing in the 1980s buyout binge. Said John Downey, a trader at the Chicago Board Options Exchange: "The airline stocks have looked like attractive takeover targets. But with the United deal in trouble...
...conduct of affairs, meanwhile, the Federal Government is suffering from malnutrition. The Administration still has not nominated anyone for 77 senior Cabinet department positions. The Departments of Interior, Education, Labor and Health and Human Services have become nearly invisible.The Federal Aviation Administration's staff is still well below the level that existed before Reagan fired striking air controllers in 1981 and is using outmoded equipment to track near gridlock in the skies...
...television network that hit the airwaves two years ago. Although West Coast Chicanos were at first delighted to tune into broadcasts in their own language, some gradually became alarmed at what they call the "Cubanization" of KVEA, which picks up much of its programming from Telemundo's operations center near Miami. "The programming does not reflect the linguistic, cultural and ethnic communities in which these programs are shown," complains Raul Ruiz, professor of Chicano studies at California State University at Northridge, who has led numerous small demonstrations in front of the station's Glendale offices during the past four months...
Most fans, however, do not get near their hero. Michael's Pub owner Gil Wiest aggressively fends them off, which is just fine with Woody. He makes no bones about the fact that he's there for his own kicks, not to strike up a rapport with the audience. "I'm not somebody who smiles and bows," he says. "You know, I'm up there to play. It's strictly business with me." Yet many patrons expect something different from the former stand-up comic. "Most of them are shocked that he doesn't speak or tell jokes," says banjoist...
...balance." Just a month earlier, the Organization for Economic Cooperation and Development, representing the major economic powers, had called upon "all relevant national, regional and international organizations" of its 24 member states to take a "vigilant, serious and realistic" look at "balancing long- term environmental costs and benefits against near-term economic growth...