Word: propped
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Dates: during 1980-1989
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...Prop 2 1/2 passes, within three years Cambridge will have a volunteer fire department and a lot more parking lots," a city firefighter told community residents at a meeting last week. His conclusion rests on statistics compiled by city manager James L. Sullivan which show that within three years the city would have revenue enough only to pay the interest on its debt and other fixed costs. No police. No firemen. No schools...
Youngman's style is what grants his humor a lasting quality. It's a rapid-fire technique that hasn't changed since he mastered it in the Thirties. He'd been working as a night club comic, employing a cigar instead of a violin as his prop, when he signed (without an audition) to do a six-minute spot on the Kate Smith radio show. He was an instant hit and the producer extended his routine to 10 minutes. With a $250 check in his pocket for 10 minutes of work, Youngman realized he was a sudden success. Since...
...Washington is willing to prop up Chrysler, will Paris help salvage American Motors? Apparently so. Last week AMC and France's state-owned Régie Nationale des Usines Renault, Europe's fourth largest car company, unveiled a labyrinthine financial deal that amounts to a Big Money bailout of the weakest and smallest of the major U.S. automakers. The survival scheme, which the firms have been negotiating since July, would inject $500 million in cash into AMC. Also, the deal could wind up providing Renault, which already holds 5% of AMC's stock as a result...
...House last week held hearings on foreign bank activities in the U.S. Critics argue that it is risky to let non-Americans absorb too large a segment of domestic banking. They contend that foreign-owned banks may not always cooperate with U.S. monetary policies to dampen inflation or prop up the dollar, particularly if the home country disapproves. Warns New York Congressman Benjamin Rosenthal: "The present open door to foreign interests is a dangerous and unwise policy that threatens the integrity of the U.S. banking system...
Thurow deplores the Federal Government's efforts to bail out ailing firms like Chrysler. Rather than prop up inefficient companies, Thurow believes, Government funds should flow into fields where the U.S. has a competitive advantage over such countries as Japan and West Germany. Examples: computer chips and agriculture. At the same time, Congress should give generous assistance in retraining and relocating displaced workers in older industries like steel. Says he: "We must strengthen the economic safety net for individuals, but pull it out from under companies...