Word: risk
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Dates: during 1980-1989
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...normally cautious Bush take such a risk? The President and his aides feared that China was slipping into a mood of angry isolation that would be no help for world stability. Bush, who lived in Beijing as U.S. envoy for 13 months in 1974 and '75, fancies himself an old China hand. He seems to rate preserving the carefully nurtured U.S. strategic relationship with China well above human-rights considerations, which he has always valued below the need for order and stability in world affairs. When former President Richard Nixon and former Secretary of State Henry Kissinger returned from exploratory...
...souped-up Chevy Lumina circles the track at North Carolina's Charlotte Motor Speedway. At the wheel is Tom Cruise, daredevil superstar. The hazel eyes that laser out of his handsome face focus on the thrill of speed and risk. Nor is this challenge confined to a roadway's hard curve; it applies as well to his career in the movies, even if it means taking dangerous curves toward roles that might confound his fans. This day, after a dozen laps, Cruise sees a dime, stops on it and emerges from the Lumina to say hello to a visitor...
...church is unfortunate," concedes ACT UP spokesman Blotcher. "It weakened our position somewhat." Indeed, the St. Patrick's invasion turned off New York politicians long sympathetic to gay causes. Governor Mario Cuomo termed the disruption "shameful" and Mayor- elect David Dinkins called it "counterproductive." ACT UP's angry protests risk sparking equally angry reactions...
...requirements designed to strengthen the thrifts could instead push many of them into extinction. Starting last week, S&Ls must greatly increase their capitalization as a hedge against losses from problem loans, interest-rate swings and bad investment decisions. Among other things, they will be required to maintain "risk-based capital" equal to 6.4% of their risky assets, such as shopping centers and fancy resorts. Because many thrifts are only marginally profitable, raising the funds to meet the standards may prove impossible for them. Some analysts warn that half the nation's 2,900 thrifts could eventually fail...
...Congress last month, the General Accounting Office described the same pattern of sloppy accounting and slack Government supervision that allowed the S&L debacle to go unchecked. Because many agencies kept such poor books, GAO auditors could not even determine how much of the $5 trillion is at risk of default. "The ignorance, incompetence and corruption in many of the Government loan and loan-guarantee programs are appalling," says Dingell...