Word: sank
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AFRICA AND ASIA. Chevron's discovery in the swamps of Sudan and new finds offshore of Nigeria and some other west coast countries have renewed interest in the African continent. Amoco recently sank a wildcat well in the Seychelles merely on the ground that Madagascar, about 700 miles away, has an estimated 10 billion bbl. of tar on its surface. Where tar is found, oil is usually not far away. On the other side of the Indian Ocean, India has reportedly found indications of an oil bonanza off its southeast coast. Michael Morrow, publisher of Hong Kong...
...defense force fleet, as it was towing two Cuban fishing boats that had been seized for poaching stone crab and conch near the tiny, uninhabited Bahamian island of Santo Domingo Cay. The two jets raked the lightly armed Flamingo with 23-mm cannons, then returned 45 minutes later and sank the vessel with two rocket salvos. As the Bahamian sailors bobbed helplessly in the water, the MiGs roared in low and strafed them. Four of the 19 Flamingo crewmen were missing...
...sank in 20 ft. of water on top of the cars. Two tugboats were able to tow the freighter away from the bridge, but divers were hampered by squalls and by fears that a 40-ft. slab of roadway hanging precariously from the abutment might tumble in too. Nonetheless, the divers soon were able to recover 18 bodies; at least 14 more people were believed dead...
...weakening of the heart" was followed by an array of other ailments: kidney failure, liver damage, internal hemorrhaging, pneumonia, infection and high fever. Tito nonetheless managed to hang on, with the help of kidney dialysis, an external pacemaker and an experimental American antibiotic called Moxalactam. Two weeks ago, he sank into a coma that signaled the onset of the final crisis...
...policy of risky venture-capital loans and high-yielding real estate deals. For a while the strategy worked. In five years First Penn led all banks with a healthy 16.4% return on equity. But the 1974-75 recession caught the bank overextended. Then, between 1976 and 1979, Bunting sank about 20% of the bank's assets into long-term Government securities in the expectation that interest rates would soon peak. By this year the bank was borrowing money at 15% interest while its Government securities were yielding less than...