Word: oiling
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Dates: during 1980-1989
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...cascade of misinformation, false headlines, half-truths, innuendo and misunderstanding" about whether he ignored an associate's proposal to bribe Israeli officials. The words, he said, are part of a long document sent to him in 1985 by his former California attorney, E. Robert Wallach, concerning a proposed Iraqi oil pipeline. In a statement to the press, Meese declared that he cannot recall having read the words at the time. But they do not, he said, mention any "bribes or payoffs" to guarantee that Israel would not attack the pipeline...
What Liberia and Panama are to the oil tanker, Delaware is to the U.S. corporation: a friendly, light-taxing home port. Some 180,000 corporations are based there, at least on paper, including 45% of those listed on the New York Stock Exchange and 56% of the FORTUNE 500. So when Governor Michael Castle signed new antitakeover legislation last week, the impact reached far beyond Delaware's borders. Among its provisions, the law requires that takeover artists who buy between 15% and 85% of a Delaware-registered company wait three years before selling off assets or merging the target firm...
...problem of Texas-size proportions has prompted a rescue effort just as big. Last week the Federal Government disclosed a sweeping plan to shore up one of the weakest spots in the U.S. financial system: the increasingly insolvent Texas savings and loan industry. Hit first by the oil bust, then a real estate collapse, Texas thrifts lost an estimated $5 billion last year. The salvage scheme proposed by the Federal Home Loan Bank Board will drastically reduce the number of independent Texas thrifts, from 281 to less than 180, by forcing % weak institutions into mergers with stronger ones. Cost...
...Oil wells operate within sight of the runways at Calgary International Airport. At Coconut Joe's, the joint with the concrete palm trees out front, a favorite drink is root-beer schnapps. And in what passes for subtlety, the two Olympic mascots, male and female bears, are named Howdy and Hidy. Get it? First settled in 1875 by a band of men on horseback representing the North- West Mounted Police, Calgary today looks nearly brand new. Credit that to oil, which lies beneath the surrounding prairie in vast pools and has made a passel of folks as rich...
Gephardt's risk has paid off. An Iowa victory gives him a tremendous boost in national media attention. However, his populist image, responsible for his campaign's rejuvenation, may prove unsaleable in New Hampshire. Calls for protectionism and an oil import fee may be popular among the disgruntled residents of the depressed Midwest, but they won't fly with New Hampshire voters...