Word: reform
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Dates: during 1980-1989
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...White House crisis, saying it was a mode of leadership that served him well as California Governor and for most of his presidency. While he conceded that his style "didn't match its previous track record" in the Iran-contra affair, he made no serious promise to reform his ways...
...could come immediately. Last week Reagan made a formal request to the lawmakers to release the last installment of $100 million in aid that was granted to the Nicaraguan contras in 1986. To win the release of the $40 million, the Administration had to certify that peaceful efforts to reform Nicaragua's Marxist Sandinista regime have been futile. Congressional Democrats hope to counter Reagan's move by imposing a moratorium on any further contra aid until the Administration accounts for money that has already been sent to the rebels, including the funds diverted from the Iranian arms sales and contributions...
That cry has echoed more and more across South Korea in recent months, and more often than not it has been uttered by the country's students, especially the radical hard-liners. On every side, demands are growing that President Chun Doo Hwan reform a regime that, while not nearly as repressive as Communist North Korea's, stifles dissent and tortures and imprisons political opponents. In frequent demonstrations, university students have demanded an end to dictatorship when Chun, a former general who seized power in 1980, fulfills a pledge to step down next February. The students' aim is nothing less...
That scene may become painfully familiar in the months ahead as other developers find themselves stretched too thin to adjust to the new tax law. The National Realty Committee, which represents some 300 big U.S. developers, estimates that the changes required by tax reform will cost the real estate industry as much as $50 billion during the next five years. Under the old tax rules, real estate investors could shelter salary and other income with losses generated by limited partnerships. Kroh relied on such partnerships for as much as 20% of its capital, or some $20 million a year. Money...
...severely restricting real estate shelters, tax reform has drained that important source of money for the industry. In troubled markets, such as the farm belt and the oil patch, the changes have added to the pressure on shaky developers. Two weeks ago Dallas-based Vantage Companies, the seventh largest U.S. developer, notified its creditors of plans to delay some loan payments and restructure as much as $1 billion in debts. Last week Austin-based Nash Phillips Copus, the seventh largest U.S. builder of single-family homes, put itself into Chapter 11 proceedings...