Word: partialities
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...their assets parceled out to creditors, other companies manage to survive a formal declaration of bankruptcy. As a result of changes in the American bankruptcy law four years ago, such firms can now more easily reorganize their operations and try to become profitable again while they make partial payments on their debts. Perm Central Corp. has been able to emerge as a strong manufacturer and real estate operator after shedding the railroad operations that propelled it into bankruptcy court in 1970. Last week Joe B. Freeman Jr., chairman of AM International Inc., the Chicago-based business-equipment firm that filed...
Last week Wallace won the Democratic nomination to become Governor for what would be an unprecedented fourth term (or fifth, if one counts the partial term served by Wallace's wife, the late Governor Lurleen). Wallace, at 63, beat a well-heeled moderate Birmingham suburbanite, George McMillan. Alabama liberals wince at the choice available in November: either George Wallace or the Republicans' pistol-packing law-and-order Reaganite mayor of Montgomery, Emory Folmar. In the weird way that these things happen, Folmar, 52, is playing the part of the old George Wallace in this race, running against...
While unsolved water seepage problems continue to keep the Radcliffe Quadrangle Recreational Athletic Center (Q-RAC) closed. Quad residents are not letting themselves get flabby. As partial compensation for the loss of their nearby gym, students in Currie: North, and South Houses this week moved the Q-RAC's exercise equipment to House basements and set up temporary weight rooms. As for the fate of the three-year-old. $2.4 million facility. President Horner said she is still waiting for a consultant's report on the damage, which she wants in hand before deciding when--or whether--to reopen...
...wheel-shaped building, is a mostly light-hearted show with 24 Audio-Animatronic scenes depicting such momentous occasions as the invention of the wheel and the first traffic jam. The Universe of Energy (sponsored by Exxon) is a serious but compelling presentation whose three-acre roof with a partial photovoltaic surface is probably the largest privately built solar-energy collector in the world. Inside, life-size models of dinosaurs fight to the death; there is even an erupting volcano with 7,000 gal. of simulated lava and realistic odors that turn each eruption into a smellodrama. The lava is pumped...
...recent relaxation of the boycott of firms defying the sanctions is a long-overdue concession to reality. Nevertheless, the Administration's announcement still represents only the watering down of a policy that remains unacceptable. A partial boycott is as inappropriate as a full one on a question where no retaliatory measures are called for, and the obstinacy with which Reagan has pursued this issue betrays a dangerous mindset which remains unaltered. The President persists in pitting West against East and electing himself captain of a mythical team of "good guys," substituting machismo for persuasive integrity...