Word: sanford
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...divided over which way interest rates will go. Since the Reagan Administration came to office, the prime rate has gone from a high of 20% to a low of 10.5%, while mortgage rates during his term reached 18.5% and hit a bottom of 12.6%. David Levine of the Sanford C. Bernstein investment firm in New York City thinks that a slowing economy will curb credit demands. As a result, he forecasts, the prime rate could fall to 9.5% by next June. In contrast, Irwin Kellner, chief economist of New York's Manufacturers Hanover Trust, fears that rates are headed...
...another Expos teacher who doubles as a humourist for the Globe, Sanford Kreisberg, joked that he had learned "to be very kind to less talented students-because ten years from now they may be your editor...
...electronic wonder must turn to an instruction manual to get his machine working. But that is often when the trouble begins: the consumer opens a booklet to find a compilation of jargon, gibberish and just plain confusion. "There is a major disease in this country called wall-stare," says Sanford Rosen, president of Communication Sciences, a Minneapolis consulting firm. "When people read a computer manual, they just want to put it down and stare at the wall for as long as possible...
...Justices may have helped discourage arbitrary libel actions against the press by reaffirming the right of appellate judges to conduct their own reviews in such cases. Said Washington Libel Lawyer Bruce Sanford: "This sends a message to libel plaintiffs that they can't go out and inflame the antinews bias of jurors and expect the appeals courts to wink." According to the Libel Defense Resource Center, journalists who are sued for libel lose 83% of jury trials, but win at the appeals level in 70% of the cases...
Cianci's exit capped a tumultuous week in Providence. Public Safety Commissioner Sanford Gorodetsky quit after trying to oust the police chief, Anthony Mancuso, who refused to leave. The city highway superintendent and two public-works employees were charged with extorting payoffs from contractors, bringing to six the total of city employees indicted during the past year. State troopers stood sentry at city hall after city workers were seen shredding documents. In a special election set for July 17, Acting Mayor Joseph Paolino Jr. is considered the leading contender. But the redoubtable Cianci has hinted that he wants...