Word: rapid
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...weakest institutions are heavily concentrated in Texas, where 281 S and Ls lost $6.9 billion last year. In the rest of the country, S and Ls eked out a collective $100 million profit, but the industry is sharply divided between highly profitable institutions and those losing money at a rapid clip. "The bad few are pulling down the majority," says James Barth, chief economist for the Federal Home Loan Bank Board...
...Boston harbor mess indeed predates Dukakis. A system largely designed in the 1950s to give rudimentary treatment to sewage simply could not cope with rapid growth in the Boston area, and the Metropolitan District Commission, charged with maintaining the sewage system, was a nest of political cronies. "It was a place that employed everybody's cousin," recalls former Republican Governor Francis Sargent. As early as 1972, Sargent had committed the state to cleaning up the harbor, but had to fight a recalcitrant MDC every step...
...Soviet Union, let alone in a classroom, where doctrine has reigned and dissidence has been risky. Yet in the era of glasnost, talk like this is now allowed in schools all over the country. The stunning change came upon the insistence of Soviet Leader Mikhail Gorbachev for rapid reform in the education system. "We pin hopes for the future largely on the work of our schools," he told a meeting of the Communist Party Central Committee five months ago. The Soviet people, he said in another speech, must learn history as it really happened (rather than as the party...
...chance on his business prospects. Do lacked a credit history, had no money and spoke no English. Today, however, the 31-year-old refugee publishes a Vietnamese-language newspaper, tools around town in a silver Jaguar and has started plans to build a shopping center. The reasons for his rapid rise: long hours of work, plenty of thrift and $4,800 in start-up capital from an unconventional source. Like thousands of other immigrants, the budding entrepreneur tapped an ethnic loan club for his seed money...
Moving back into his parents' home in Brookline in 1957, he took up law school and town politics with equal, because measured, intensity. While still a freshman in law school, he ran for the newly established Brookline Redevelopment Authority, a body reflecting the old suburb's continuing resistance to rapid urbanization. He was defeated, despite the skilled campaign work of a fellow law student, F.X. (Fran) Meaney...