Word: oiled
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Dates: during 1980-1989
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...face of 20% unemployment, it has stuck to an austerity program that has slashed the country's inflation rate from 15.5% a month in January to less than 1% in September. Luck, however, has not been on the government's side, and the recent plunge in the price of oil, Mexico's principal export, threatens to create a new financial crisis and political unrest...
...Winston cigarettes, Oreo cookies, Ritz crackers and Life Savers candy.) The RJR executives, with the help of the Shearson Lehman Hutton investment firm, hope to borrow close to $16 billion to finance the deal. If the transaction is completed, it would eclipse Chevron's $13.3 billion acquisition of Gulf Oil in 1984 as the largest takeover ever...
...unlikely, uneasy army of scientists, whale-hunting Eskimos, oil company officials and environmental activists mustered in frigid Point Barrow, Alaska, the northernmost point in the United States, to organize a $1 million rescue effort. Biologists nicknamed the trio of young whales Bonnet, Crossbeak and Bone. By week's end the whales had competing Eskimo names -- Putu, Siku and Kanik, or Ice Hole, Ice and Snowflake. They also had the good wishes of President Reagan, who called to tell rescue workers that our "hearts are with you and our prayers are also with you." The media frenzy prompted a bewildered...
...press flocked to the site, the oil companies, biologists and Eskimos discovered they had unleashed a juggernaut they could not control. The Eskimos quickly abandoned their seasonal hunt for endangered bowhead whales in the belief that it would not look good on network news. The oil companies found themselves in a no-win situation. Lampooned by an Anchorage Daily News cartoon that showed oil-company workers competing in a race for a "Public Relations Cup," the rescuers also faced the possibility of inadvertently killing the whales with kindness. Would the shock of heavy equipment hammering the ice pack panic...
When George Bush and Michael Dukakis breezed into Houston during the same week this fall for $1,000-a-plate fund raisers, Enron, a Texas oil-and-gas firm, had both sides covered. The company's Republican chairman, Kenneth Lay, was co-host for the Bush event, while Democratic president John Seidl attended the Dukakis affair. The hedged positioning made sense: with a victory in November, either presidential candidate, along with the new Congress, could have a profound impact on the energy industry...