Word: riche
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Dates: during 1980-1989
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...stockholder by boosting TWA's holdings to 12.3%. Icahn helped forge a deal between Pennzoil and a committee representing Texaco's shareholders to settle the conflict for $3 billion. Texaco's management blasted the plan, but may have to go along if its shareholders approve. Icahn stands to reap rich profits, since Texaco's stock could surge once the firm emerges from bankruptcy...
Will Africa, fabulously rich in natural resources, ever end the cycle of war, disease and overpopulation that helps to keep it poor and famished? Most African governments, including those much less radical than Ethiopia, continue to be wedded to quasi-socialist, postcolonial economic policies that reduce agricultural productivity, even as populations soar and create a voracious demand for more food. "In contemporary Africa, both rural starvation and rising levels of urban employment are the outcome of a set of agricultural policies designed to subsidize the cost of living of urban consumers at the expense of rural producers," says Michael Lofchie...
Meanwhile, the people of Ethiopia seem rich only in patience. As the sun climbs in the sky, those awaiting food donations outside Wukro quietly sit on their haunches. One man, Gebre Yohanes Haile, 50, has brought along his chief resource: his ox. His family is sick with hunger, and so only he and the animal made the journey. Thus he will receive just one ration: twelve kilos of wheat, two of beans and two of oil. He will sell his ox for $200, and then pay $150 for 100 kilos of grain, twice the usual cost. "We have food...
...year-old Lisa Steinberg in New York City last month is widely believed to have been a result of beating by one or both of her adoptive parents. Experts think such violence is caused by stress, a history of abuse or an obsessive need for control. Says Author Fedders: "Rich men like to have the control at home that they get elsewhere. There's very little difference between the stress of a man climbing the corporate ladder and the stress on a guy who's out of work...
...says, scratching his head. But he does know that the doors, decorated with carved vines, leaves and grapes, will bring a buck in the showroom. "In New York City, art deco was last year," he says. "Now the decorators all want Louis XV Lifestyles of the Rich and Famous sort of stuff...