Word: prudent
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American diplomats will commute to the new embassy from a five-story annex in East Beirut, where Christian militias maintain a modicum of security. Fifteen Marines will guard both the new embassy and the annex, but they will stay off the street and out of sight. Those precautions are prudent. Just two days before the American Marines left, a furious gun battle broke out between rival Lebanese militiamen in West Beirut. One of the two people killed was a man trying to rescue the wounded...
...Dole's predecessor as Transportation Secretary, killed a Carter Administration order requiring them in all new cars by 1984. The Supreme Court, however, overturned that ruling and directed the Transportation Department to review the issue yet again. Although Dole says that Reagan approved her plan "as the most prudent way to go," the White House has tried to distance the President from the actual decision. "The court had us boxed in," said a White House aide. "What we did was as little as we could get away with." Advocates of auto safety could not have said it better...
...that underwent leveraged buyouts have failed. But Wilbur Ross, managing director of Wall Street's Rothschild Inc., warns: "The real test will come the next time you have a combination of high interest rates and a bad economic environment. When that happens, we'll see just how prudent some of these deals really were." As every sensible investor should know, a formula designed to create huge profits in good times can eventually lead to enormous losses in bad times...
...totally convinced that I am going to have a lot to do with the future of my country," he says. "But I don't want people to say, 'What does this guy know? He's been singing.' " Getting a master's is probably a prudent first step on a very extravagant course, but anyone who has listened to Blades sing his songs in his streetwise tenor would have no doubt that he knows plenty already...
...turn paved the way for discussion of the U.S. budget deficit. Later, U.S. Treasury Secretary Regan refused to acknowledge a link between the deficit and high interest rates. The outcome in the communiqué was a declaration that high interest rates could threaten recovery, and a call for "prudent monetary and budgetary policies...