Word: pump
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Dates: during 1980-1989
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...Parliament, where a formal inquiry was launched into how the government could have let itself be used by an American highflyer at such cost to its treasury. Protested Sir William Clark, chairman of the Conservative Party's backbench finance committee: "This is absolutely monstrous; it shows that to pump public money into businesses merely to create jobs can be disastrous...
...with officials in Puerto Rico, he won $40 million in loan guarantees from Washington and the Commonwealth for a $96 million plant in Aguadilla, a poor area 70 miles from San Juan. In addition, a group of drug companies and General Electric's pension fund were ready to pump $35 million into the project...
...strong showing made by Sinn Fein may pump new life into the I.R.A...
Labor unions, which organized the first political action committees, will pump some $20 million into the 1982 campaign through 350 separate PACs. Business followed the union lead and soon overtook them: this year 1,497 corporate PACs will give $30 million to the candidates. Trade associations such as the National Association of Realtors and the American Medical Association (A.M.A.) account for 613 PACs, which will chip in another $22 million. An additional 45 PACs are run by cooperatives like the Associated Milk Producers, and will give $2 million this election. By far the greatest, and most worrisome, growth has been...
...handful of spies. Today, however, the demonstration of a code's vulnerability nevitably has worrisome implications for the way banks and multinational firms do business. Consider the stakes: the U.S. banking system alone moves some $400 billion by computer around the country every day; yet many banks pump money onto the wires and over satellite networks with little or no encryption, or coding, at all. Predicts Mathematician Ralph Merkle, a member of the Stanford codemaking team: "One of these days someone will break into a wire-transfer banking network and siphon off all the contents. Then there will...