Word: oustings
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...inflation exploded, the government faced a barrage of protests. In response, Sarney decided to oust the president of Brazil's central bank, Fernando Bracher, who was under criticism for letting interest rates rise too high. His replacement was Francisco Gros, an economist trained at Columbia University and a friend of Finance Minister Funaro's. The appointment of Gros strengthened Funaro's grip on financial policy, but the minister has yet to convince foreign bankers that he has a viable program for straightening out the economy...
...more. Just three weeks after his promotion, O'Donnell was suddenly missing from Thompson offices last week. He had been abruptly fired after presenting a plan to take the company private and oust Johnston as boss, according to members of the J.W.T. board of directors. The directors, who decided that O'Donnell's behavior was grossly inappropriate, deliberated for about an hour before giving Johnston the go-ahead to sack...
...this issue, our Woman of the Year, Corazon Aquino, is unlikely to | confuse or outrage anyone, save for die-hard supporters of former Philippine President Ferdinand Marcos, whom she helped to oust. "She is one of the rare world leaders whose appeal crosses every barrier of ideology and geography," says Contributor Pico Iyer, who wrote the main story. "All the world can rejoice in her rise." Aquino is the third member of her sex to occupy the cover alone as the annual TIME choice. She follows Queen Elizabeth (1952) and Wallis Simpson (1936). A Women of the Year cover...
...Organization of Petroleum Exporting Countries. Crude prices plummeted from $26 per bbl. in January to below $10 in April and remained under $15 for most of the year. The low prices distressed the Saudi royal family and provoked anger from other OPEC countries, prompting the Saudis in October to oust Yamani as Oil Minister after he had spent two decades as a leading OPEC strategist. With that, the Saudis abandoned their price-war tactics. When OPEC met in December, twelve of its 13 members, with Iraq dissenting, decided to cut production and sell their various grades of oil at fixed...
Security was stepped up sharply. For the first time since the overthrow of Marcos, reporters were not allowed on the Malacanang Palace grounds. Checkpoints were installed on roads leading into the capital. In midafternoon, as soon as she had told the nation of her decision to oust Enrile, the President gave the oath of office to Ileto. Then she went to the Quirino grandstand in Manila's Rizal Park and declared at a religious rally that the country had been spared a catastrophe. "I suppose our prayers have again been answered," she said, "because this afternoon we have once again...