Word: quarterly
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Dates: during 1980-1989
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...defrauding the Small Business Administration on a loan it made to finance a nursing home from which Beebe allegedly profited. Beebe was sentenced to perform community service, while some of his associates were acquitted. Two years later, the Government accused him of fraud for making loans to a quarter-horse breeder with whom Beebe allegedly held an interest in a tax-shelter scheme. After the 1987 mistrial, Beebe pleaded guilty last year to the two fraud counts...
...quarter-century ago, they played a game of nuclear chicken, bringing the planet terrifyingly close to destruction. Last week in Moscow, many of the same men who were involved in the Cuban missile crisis met to discuss the confrontation. In a form of diplomatic glasnost, senior Americans, Soviets and Cubans for the first time traded candid observations on the drama that had the world holding its breath for 13 perilous days in October...
...make more steel per worker, the industry carried out a long-overdue modernization drive. As recently as 1974, one-quarter of all steel in the U.S. was still being produced by old-fashioned open-hearth furnaces, which take eight hours to turn molten iron into steel, compared with 45 minutes for the more efficient oxygen-fired furnaces. Since 1982, American steel companies have poured $9 billion into upgrading their mills. Open hearths now produce only 5% of domestic steel...
...worst, the move by eight of the 12 houses to reserve one-quarter of their available space for random assignment draws charges of inconsistency--even a shade of hypocrisy--against the new system...
...stood, the plan would have the lottery conducted as usual, except that participating houses would take one-quarter of available spaces out of contention for assignment. As a result, all houses would fill up sooner; those students left over--a slightly larger group under the new plan--would be randomly assigned to the remaining spaces, as in past lotteries...