Word: polished
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...speaker on the podium of the plush, red-upholstered Congress Hall of Warsaw's Palace of Culture let loose with a spirited 90-minute harangue against almost every aspect of the Polish government's economic policy. Social benefits, he asserted, were "much lower and much worse" than in other Communist-bloc countries. The national economy was collapsing due to "incompetence, lack of knowledge, the pursuit of private interests and bureaucratic swank and arrogance." Seldom since the heyday of Solidarity, the independent trade-union movement, had such harsh blasts been sounded at a Polish labor conference. But the times they...
...surprising frankness of the second national trade unions conference illustrated last week, Jaruzelski appears to be taking a different tack to haul his economically and spiritually exhausted nation out of the quagmire. Most notably, the ramrod-straight Polish army general, who has lately tried to soften his austere image by mingling with factory workers and common folk, now seems prepared to pry loose the lid that clamped shut on critics of his regime after the military crackdown five years ago. Indeed, the Polish leader admitted last week that some actions recently taken by his own officials "were mishaps, like...
...levels, while net investment in industry and agriculture in the same period fell by 50% and exports that bring in badly needed hard currency dropped almost 25%. The biggest drain continues to be Poland's huge foreign debt, which now stands at more than $31 billion. Last September Polish and Western negotiators signed an agreement rescheduling 95% of the payments owed to lenders through 1987. Still, Finance Minister Bazyli Samojlik conceded last week that Poland would not be able to meet the $550 million due before the end of this year...
...power play, defensemen Randy Taylor and Mark Benning show polish on the point. The second defensive pair--Don Sweeney and Josh Caplan--is noted for its speed...
...sons of Polish immigrants, Sam, William and Hyman Belzberg have invested the proceeds of their real estate and oil and gas investments in a complex tangle of public and private firms said to be worth some $8 billion. U.S. holdings include Manhattan-based First City Capital, a subsidiary of Vancouver's First City Financial (assets: $2.9 billion); Far West Financial, a large California savings and loan; Connecticut-based Scovill, an industrial firm that makes Yale locks and other consumer products; and substantial stakes in about 20 other major U.S. firms...