Word: scrapping
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Last summer Takeshita and Abe began negotiations to pool their votes on the condition that one scrap his candidacy in favor of the other. With the support of a third faction, the coalition would field a total of 231 votes. But talks bogged down. Last week three-way discussions with Miyazawa got nowhere. Meanwhile, Takeshita was well short of the 223 votes required to take the L.D.P. presidency. As party boss, the president automatically becomes Prime Minister...
Stock-market investors were the first to feel the pain. Records fell to the stock-market floor last week like so much scrap paper. On Friday the Dow Jones industrial average plummeted more than 100 points for the first time in history, dropping 108.36. In just one day, the value of 5,000 common U.S. stocks slid $145 billion, or 4.9%. "We're all stunned. Everything happened so fast," declared Byron Wien, portfolio strategist for the Morgan Stanley investment firm. Wall Street's computer-trading mechanisms, which brought so much efficiency to a rising market, were working just as efficiently...
Leide, her father and the scrap collector were in critical condition at a Rio de Janeiro hospital last week, not expected to survive. An additional 20 or so people were also hospitalized, most of them relatives and neighbors of Leide's father who had carried away traces of the powder on their skin and clothes...
...glittery stuff proved to be cesium-137, a radioactive isotope used in cancer-therapy equipment. The scrap collector found the casing a month ago in a spot where a radiotherapy clinic had once stood. Though months may pass before the final toll is known, the Goiania episode promises to be that rare nightmare, a radiation mishap that kills several people. The worst of these was last year's explosion at the Chernobyl nuclear reactor, which Soviet authorities acknowledge has claimed 31 lives...
...position where in the 1990s we will be able to go ahead with deployment," he says, "and to do that we need the enhanced confidence gained from additional testing." Equally important, the tests will give new momentum to SDI, making it more difficult for the next President to scrap the system...