Word: reasonableness
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Dates: during 1980-1989
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...predecessors. That effort could cost as much as $100 billion and take 20 to 30 years. Unwilling to spend money to keep their aging equipment in repair or to plan for orderly replacements, they have allowed their network of plants to become so disabled as to threaten the very reason for their creation: the maintenance of a credible nuclear deterrent...
Very few firms these days are big enough to be safe from takeovers. This year alone, such familiar institutions as Kroger, Polaroid and Bloomingdale's (Federated Department Stores) have come under attack. One reason for the buyout binge is the amount of money available for acquisitions. Private investors have guaranteed more than $30 billion in capital to large takeover funds, providing would-be raiders with the capital to mount their attacks. Kohlberg, Kravis, Roberts, an investment firm with $5.6 billion for use in takeovers, is a leader in the field. Since the takeover funds can borrow against their capital, they...
...better be very careful about differentiating between what we spend and what people get. Now one of the reasons these countries may need less of a public safety net -- and why we need more of a private safety net -- is that we need the savings for our economy. And the reason I'm an admirer of Japan and West Germany is that those two countries have a very deep, real, long-term economic consensus on capital formation that isn't just rhetoric...
...congressional races, Democrats rake in the largest share of PAC monies, despite the common perception that corporations lean toward Republicans. The reason is that Democrats hold majorities in both the House and Senate, and incumbents always have a better chance of winning than newcomers. Says one PAC manager: "The core of our business is access to legislators. We can get shut out if we give to challengers who lose." This year PACs have contributed $66 million to congressional incumbents, an increase of 29.4% over 1986, while handing challengers only $7 million, about the same as in previous elections. Democrats have...
...visa for a trip to the U.S. that will not result in unwanted exile. Physicist Andrei Sakharov, winner of the 1975 Nobel Peace Prize for his human rights efforts, announced last week that the Soviet government had tentatively agreed to let him visit the U.S. next month. The reason for the trip: a conference of the International Foundation for the Survival and Development of Humanity, an organization devoted to environmental, economic and human rights problems that was launched last January in Moscow. The group has a Nov. 13-16 meeting in Washington, where its U.S. headquarters is located. Permission...