Word: oiling
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Dates: during 1980-1989
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...scheme, Drexel Burnham would help finance U.S.-Soviet medical ventures that could reap profits from Soviet advances in eye surgery and cancer treatment. Pitching another idea, Milken proposes that the Soviets take advantage of their plentiful commodities by issuing bonds backed by stockpiles of gold or crude oil...
...This is a home run, believe me," exulted Texas Governor Bill Clements. "This is a great day for Texas!" The beleaguered oil-patch state has had relatively few of those lately, but last week it got a potentially Texas-size economic spur. A consortium of 14 U.S. semiconductor firms chose Austin over competing sites in 34 states for its research center, which will spend an estimated $250 million annually. The consortium, called Sematech, for Semiconductor Manufacturing Technology, includes fierce rivals that have joined forces on chip research in the face of bruising foreign competition. Austin's coup could help make...
...nearing a frenzy, Madden reluctantly accepted CBS's second or third offer of a commentator's tryout and hesitantly began jumping through paper hoops in Miller Lite beer commercials. Nine years later, his network stipend is crowding $1 million a year, and the rewards from his myriad motor-oil and antihistamine accounts may be two or three times that. He has written two best-selling memoirs (Hey, Wait a Minute, I Wrote a Book! and One Knee Equals Two Feet; Villard Books), and is at work on a third. Over the next few weekends, as pro football's best teams...
...Syrian initiative could mark a breakthrough in attempts to end the seven-year Iran-Iraq war, which has threatened to engulf other nations in the strategic, oil-rich region...
...tragedy was not the first in the waters off the islands of Mindoro and Marinduque, among the busiest sea-lanes in the archipelago. Less than 40 miles from where the Dona Paz went down, the ferry Don Juan collided with an oil tanker in 1980. More than 100 drowned. Last week's disaster may have been caused by navigational errors -- or negligence. One survivor alleged that at the time of the collision the Dona Paz's captain was watching a video in his bunk and the first and third mates were drinking beer, leaving an inexperienced apprentice in charge...