Word: revoltingly
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...that George Bush had authorized a $3 million covert plan to topple Panamanian strongman Manuel Antonio Noriega leaked out before the operation even got under way. The Los Angeles Times reported that Bush had authorized the CIA to recruit members of the Panamanian Defense Forces for an anti-Noriega revolt. In a change of policy, the Bush plan reportedly authorizes a coup even if Noriega is accidentally killed. Asked about the report, Bush said, "It wouldn't be covert if I even referred...
...stock market gyrated in recent weeks, the swings have been fueled by the widespread use of program trading. In this computerized practice, speculators trade stocks and stock-index futures simultaneously to profit from minute differences in prices. But program trading incited a Wall Street revolt last week as the Dow Jones industrial average plunged 92.42 points to 2596.72. Faced with pressure from investors, the firms Bear, Stearns and Morgan Stanley said they will halt the use of index arbitrage, the most popular form of the | strategy. A third firm, PaineWebber, scrapped all forms of program trading...
...California, where America's tax revolt began in 1978 with Proposition 13 rolling back property levies, will have to consider a tax boost. The state has begun payments out of a $1 billion emergency fund, but Governor George Deukmejian does not intend to drain that fund, and even if he did, more would be required. The Governor is expected to call the state legislature into special session in another week or so to decide how much more relief is needed and how to pay for it. It is hard to see how any significant amount could be made available without...
Although Sofia's police were frightened enough to rough up Ecoglasnost, which has just 101 members, Bulgarians have no modern model for revolt. That, ironically, might make gradual change easier. Czechoslovakia has such a model -- 1968's Prague Spring -- and authorities there are taking no chances. Two weeks ago, they arrested Jiri Ruml and Rudolf Zeman, well-known editors of the underground opposition newspaper Lidove Noviny. More than 100 journalists, most of them government employees, have since signed a petition calling for the release of the pair and for the immediate legalization of the newspaper. Now the government is hounding...
...problem, of course, is that there is no fail-safe recipe for democracy. While Hungary and Poland have successfully evicted the old chefs from the kitchen, they are having a hard time settling on who will help concoct a different mix. After years of popular revolt, the Poles have installed a Solidarity-led government, but that new leadership is brushing up against its own lack of experience. Within the Sejm, Solidarity is having problems enforcing party discipline. Out in the provinces, the government is having an even tougher time persuading Communist officials to relinquish their privileges, let alone their posts...