Word: ownership
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Dates: during 1990-1999
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...from a pact signed three weeks ago by Gorbachev and his sometime rival, Boris Yeltsin, head of the Russian republic. Criticized by miners and fellow reformers for his accommodation with Gorbachev, Yeltsin spent three days in Siberia lobbying for a "dignified solution" to the strikes. Yeltsin vowed to turn ownership of the mines over to workers as soon as possible and to allow the mines to keep 80% of their hard-currency earnings...
...revelations about what finally led Barry Sr. to sell prove anticlimactic: senior aides were ready to move on, making continued family operation unmanageable. What really deserted the Binghams was the faith that a family-owned newspaper is more than a mere capital asset. The book never proves that Bingham ownership was all that good % for the employees, or even necessarily for Louisville. But no one can miss the wreckage that ensued when the family ceased to believe that its ownership was, at the very least, good for the Binghams...
Gorbachev seems unable to realize that there is no halfway house between a command system and a free market, and that there can be no successful private enterprise without private ownership. He is unable to cut the umbilical cord to the Marxist-Leninist philosophy that has nurtured him all his life...
That prospect seems wildly remote. Albania is the poorest country in Europe, + with an average monthly wage of less than $70. Private-car ownership, recently allowed by the government, is virtually unknown. Some 65% of the population lives in the countryside, still shaken by the collectivization of the last remnants of private livestock in 1981. While Albania's population grew at an average annual rate of 2.1% in the past decade, the number of livestock was the same...
...long and close connections. They were attorneys for B.C.C.I. from 1978 through 1990, as well as attorneys for First American, billing the two banks for more than $1 million during that period. Clifford, who has long defended Abedi, says he is no longer so sure about the bank's ownership or Abedi's role. "I got the rawest deal of all by not being told what was going on," he told TIME. "If the Federal Reserve was deceived...