Word: pacts
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...that is far from the utility's only problem. Six months ago, LILCO made a pact with New York Governor Mario Cuomo to sell Shoreham for $1 to the state, which would then scrap it. In exchange, LILCO was promised generous rate increases to help recover its investment in the plant. The deal may still go through, but last week's verdict brought LILCO face to face with another threat: a $2 billion-to-$4 billion class-action suit on behalf of nearly 1 million customers that could drive it into bankruptcy...
While the cuts that the Soviet leader announced in last Thursday's speech before the United Nations would still leave the Warsaw Pact with an unquestionable conventional superiority in Europe, they would go a long way toward stabilizing affairs on that continent. Gorbachev promised to realign Soviet conventional forces in Eastern Europe so that their structure would be "clearly defensive...
What do these lucky people have in common? They are united in a pact of longevity by the way their bodies process a waxy, odorless substance present in every human being: cholesterol. Cholesterol? The nemesis of every health- conscious person? The object of a swelling tide of medical diatribes against overeating and underexercising? The primary cause of coronary heart disease, which last year caused 1.5 million heart attacks and 550,000 deaths in the U.S.? How can this be? Isn't cholesterol the enemy...
...Congress, the accord will bind the world's largest bilateral trading relationship -- last year's value was about $132.5 billion -- into a single duty-free market within ten years. Two days after the triumph, the Prime Minister's office announced that Parliament would meet Dec. 12 to approve the pact...
...late days of the race, Turner's pitch grew increasingly shrill. U.S. officials had remained silent to avoid any hint of interference in Canadian affairs. Yet when Ronald Reagan made a bland 30-second reference to the free- trade pact in a long-planned speech on global trade -- the President called the accord "an example of cooperation at its best" -- Turner described Reagan's words as a "major breach of courtesy between the two nations" and castigated Mulroney for getting "his good friend at head office, Ronald Reagan, to help him do a job he can't complete himself." Again...