Word: prudently
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Dates: during 1980-1989
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...business. A central figure in these probes is Financier Marvin Warner, the owner of Home State and formerly a heavy investor in E.S.M. Last week a group of Home State depositors filed a $432 million lawsuit claiming that the bank invested in E.S.M. "not because it was prudent or even safe to do so, but rather because of the illicit financial benefits conferred upon Warner." The suit maintains that Home State will lose at least $144 million from its dealings with E.S.M...
...that support for democratic rebels is "self-defense" and sanctioned by international law. That case is weak. The real case rests instead on other premises: that to be constrained from supporting freedom by an excessive concern for sovereignty (and a unilateral concern, at that) is neither especially moral nor prudent. The West, of late, has taken to hiding behind parchment barriers as an excuse for inaction when oppressed democrats beg for help. The Reagan Doctrine, while still hiding a bit, announces an end to inaction...
Clearly, then, the gap between what government spends and what it takes must be narrowed if we want to see a healthy economy. Washington can achieve this necessary goal either by cutting spending, or by increasing revenue, or by a prudent combination of both. After four years of sustained attack on the welfare state, it should by now be no mystery which course Reagan favors. In its current budget proposal, the Administration hopes to reduce the deficit by $50--60 billion; $40 billion of that savings will come from domestic programs to which the President is ideologically opposed...
...because it was during the late 1970s that the bank made most of the $3 billion in reckless loans that led to its near collapse. The agency contends that the directors should have monitored more carefully what was going on at Continental. Ideally, corporate directors are wise and prudent overseers of an institution's full-time staff. But many of the country's 15,000 banks get only minimal supervision from their boards. In a poll released last week by Egon Zehnder International, a consulting firm, 29% of bankers surveyed said their boards of directors fill roles that...
...particulars. But it was plainly necessary. It constitutes the most important single "foreign policy" action by Reagan so far. Another clear achievement was the missile deployment for NATO, in the teeth of all-out Soviet opposition. Dealings with China, despite decades of a deep Republican commitment to Taiwan, were prudent and professional. The same may be said, at the risk of considerable disagreement, about the Reagan policy toward South Africa. In other instances, policy was muddled through lack of skill and understanding, as in the Middle East...