Word: result
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Dates: during 1980-1989
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...Maryland legislature passed one of the country's toughest bills limiting the manufacture and sale of cheap handguns. But even as Governor William Schaefer signed the new bill into law, the gun lobby was collecting the 33,000 signatures necessary to put it to a referendum next Tuesday. The result is the most expensive election campaign in Maryland history, a fight that pits the National Rifle Association against many of Maryland's leading politicians...
...adviser, few people realize that it has become one of the largest industrial holding companies in America. Though KKR readily sells off pieces of the firms it buys, it usually retains some core businesses. Of the 35 companies it has acquired, KKR still has control of 23. As a result, KKR has become a huge conglomerate. The companies it controls produce everything from French colonial furniture to dairy products. If KKR were classified as an industrial company, according to FORTUNE magazine, its estimated $38 billion in annual revenues would make it the seventh largest in the U.S., just behind General...
...what is good for shareholders and investment bankers is not necessarily good for the country. Certainly the thousands of workers who have been laid off as a result of KKR's deals see little virtue in leveraged buyouts. Top executives go along with or even instigate buyouts because as major shareholders they stand to profit. The resulting companies may be leaner, but often they are also weaker, with little money to invest in expansion or innovation. Says Michel David-Weill, the French senior managing partner of the Lazard Freres investment firm: "The wave of leveraged buyouts is weakening the competitiveness...
...indispensable man because he possesses the unique ability to prompt Dukakis to listen. Dukakis also failed abysmally in translating his much vaunted administrative skills to the discipline of creating a national campaign; he insisted on micromanaging nearly everything from interviewing political aides to approving scripts of TV spots. The result: insularity and indecision. In addition, Dukakis has failed to inspire loyalty, a quality that Bush prizes, perhaps in the extreme. But at this dour moment in the campaign when true leadership demands discipline, the Dukakis camp has become riven with faction and plagued with press leaks from advisers seeking...
...relationships accurate, as they are on the globe," says Robinson. To convey a sense of roundness, the map has been given curved sides. The Geographic Society's new map, like its predecessor, is centered on Europe, in part because focusing on the U.S. would divide the Asian landmass. The result, declares Garver, is "the best balance available between geography and aesthetics...