Word: rushes
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Dates: during 1980-1989
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...kinds of advertising claims that are wafting these days around banking's hottest product, the home-equity loan. A boomlet of sorts is under way as customers respond with enthusiasm to this form of consumer debt, while lenders vie frantically for customers and market share. But amid the rush, cautionary voices are warning about the dangers of the popular loans, and the misleading nature of some of the hype. The major worry: that some unwary consumers may be undercutting an integral factor in most American savings portfolios, the family home...
Someone liable to be just as irked at Citicorp's move is Fed Chairman Volcker. Some stories have it that he called Reed personally to complain about the write-off. Why? If banks rush to follow Citicorp's lead, the industry might be so weakened by losses that the Fed would eventually feel obliged to help out by putting downward pressure on interest rates. But that would run counter to the Fed's efforts to buoy up the weak U.S. dollar. Says Timothy Scala, money-market manager for Buffalo-based Manufacturers and Traders Trust: "This demonstrates just how grave...
Indeed, the gold rush has set off a multisided conflict that now seems to be escalating. Indian activists accuse the Salesians (named after the 17th century French saint Francis de Sales) of destroying their traditional culture and replacing it with the values of European Christianity. At the same time, the Indians face aggressive outsiders: mining companies, free-lance prospectors and the Brazilian military. Bringing this simmering conflict to a head is the imminent retirement of Dom Miguel Alagna, 75, the autocratic bishop who for the past 20 years has reigned over the Arizona-size diocese from his unpretentious whitewashed brick...
...take a cue from students on the Left and, on the grounds that Professor Kennedy's recent remarks were offenseive and insensitive, were to disrupt his lectures or blockade him in his classroom or office, or pelt him with vegetables, there can be little doubt that the university would rush to his defense, and rightly so, in the name of academic freedom. Indeed, last year's incident at Dartmouth shows that when right-wing students dare to copy the tactics of the Left, university officials may come down upon them with the wrath of God. But since, as it happens...
...situation cries out for at least one of the party's heavyweights to join the festivities. "That's the most likely next big event," says Pollster Stanley Greenberg. "An established national figure who comes in reluctantly, someone who stands apart from the rush of present candidates, would change the game." Cuomo or New Jersey Senator Bill Bradley would attract instant attention, as would Georgia Senator Sam Nunn...