Word: overnighters
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...what we thought were unnecessarily high penalties (($650 million)). Congress then changed the rules by requiring savings and loans to sell their high-yield bonds, and the market for those securities fell. Then Drexel faced yet another rule change, when the regulators suddenly raised our capital requirements. Literally overnight, they said we could no longer touch the $300 million in excess capital in our brokerage subsidiary...
...route the trekkers were outnumbered by hostile Zulu warriors, but spears were no match for cannons. Any hope for reconciliation vanished when diamonds and gold were found in the interior. The discovery, says Sparks, produced "the watershed event in South African history. Overnight it turned a pastoral country into an industrial one, sucking country folk into the city and changing their lives." By-products of the mines included pass laws; "native" compounds that separated workers from their families; escalating categories of black, colored and European; ruthless cartels; and the world's first concentration camps, built by Britain during the Boer...
While counselors say a 12-hour overnight shift staffing a hotline typically turns up only a handful of callers or drop-ins, they say they are not sure whether that is a positive or negative reflection on the Harvard community...
...Mayor Dianne Feinstein faces state Attorney General John Van de Kamp in a race for the Democratic nomination for Governor. Feinstein's campaign was considered all but hopeless until recently, when she began to run a television ad proclaiming her approval of both abortion rights and capital punishment. Almost overnight, she rocketed up 19 points in the polls, grabbing the lead from Van de Kamp, an opponent of capital punishment. Now Van de Kamp has unveiled his own TV spot, complete with footage of the gas chamber, in which he boasts of how many prisoners he has dispatched to death...
...overnight revolution in Mongolia was an astonishing victory for the country's nascent opposition, which went public with its campaign for democratization only three months ago. The forces of dissent have multiplied rapidly, fed by popular discontent over economic stagnation, communist autocracy and domination by Moscow. Recently, the government of President Jambyn Batmonh has loosened up, allowing joint ventures with Western companies, for example. But the pace of change was too sluggish for the regime's critics, whose demonstrations brought thousands into the streets...