Word: pasts
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Dates: during 1980-1989
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Move over, Ben Cartwright. Some rich new cattle barons have come to town. In the past year Japanese investors have developed an appetite for U.S. beef- producing properties, including ranches, feedlots and packinghouses. Zenchiku, a major Tokyo-based meat importer, bought the 80,000-acre Selkirk Ranch near Dillon, Mont., last October for $13 million. A company called Mt. Shasta Beef, formed by Japanese entrepreneur Masa Tanabe and three California cattlemen, spent $2.2 million in January to lay claim to a 6,000-acre ranch in Northern California's Siskiyou County...
...past year, says Koskotas, some 40 shipments of money, in blue briefcases stuffed with 5,000-drachma notes, were carted out of the Bank of Crete and taken first to his own residence. There the banker handed the money over to a Papandreou confidant, Georgios Louvaris, who Koskotas says made the deliveries to the Prime Minister. Pickups occurred weekly and amounted over the year to more than 3 billion drachmas ($20 million at today's rates). In addition, Koskotas claims he personally carried a total of half a billion drachmas ($3.3 million) to the home of a Deputy Prime Minister...
...refurbishing, which is expected to receive swift approval from the Federal Aviation Administration, represents a sharp break with past airline- industry practices. In recommending the changes, safety experts tacitly acknowledged that more repairs and replacement should be done automatically as a plane ages rather than after inspections reveal problems. "Everybody in the industry is on the alert now," says Jerome Lederer, founder of the Virginia- based International Flight Safety Foundation, an aviation research group. "Aging aircraft can be a very, very serious problem...
...Boeing, the largest jet builder. The Seattle-based company, which sold 56% of the jets delivered worldwide last year, has a record $54 billion backlog of orders for 1,049 planes. But that enviable business has led to late deliveries and unaccustomed lapses in quality control. Over the past four years, the FAA has levied 14 fines totaling $245,000 against Boeing for putting faulty parts in exit doors and for other quality-control errors. The fines included a $145,000 penalty that Boeing paid last March for installing thousands of defective self-locking nuts on the flight controls...
Though Wall Street analysts are very pessimistic about the Post's future, they agree that a Sunday edition is the newspaper's only hope for survival. The reason: while daily newspaper readership has stagnated all across the U.S. in the past decade, Sunday readership has grown. Sunday editions account for 40% to 50% of the advertising revenue of many dailies. "It's a Hobson's choice," says Gary Hoenig, a veteran New York newspaperman who recently left Newsday to edit a new industry trade magazine called NewsInc. "The Post can't succeed without a Sunday paper, but it is very...