Word: second
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Dates: during 1980-1989
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Amid the growing scrutiny, the takeover whirl accelerated last week. In Chicago directors of UAL, the parent company of United Airlines, approved a bid by the carrier's management and pilots' union to buy out the second largest U.S. carrier for $6.75 billion. In the highly leveraged deal, employees would own 75% of the company, top managers would get 10% and investor British Airways would have 15%. Beverly Hills billionaire Marvin Davis, who had bid $6.19 billion for UAL, said he would match the management group's offer if that package were to fail. In Washington a takeover group headed...
Papandreou was also accused by a second commission of running an extensive wiretapping operation out of the headquarters of the Greek secret service. According to the report, he routinely snooped on political opponents, journalists, even members of his own Cabinet...
...there is a message in all this for high school seniors and their parents nervously prepping for the college gauntlet, it is simply "Relax." To its credit, American higher education remains infinitely less hierarchical than that of Japan or France. In a nation of second chances, no college admissions office -- not even Harvard's -- has the power to either guarantee success or withhold...
...Many ads in Japan, which often used to depict blonds because they represented the Western good life, are populated by blacks, Asians and Latins. "Japanese consumers now want to see somebody unique and somebody they can easily empathize with," says Hidehiko Sekizawa, senior research director for Hakuhodo, Japan's second & largest ad agency. In France the two hottest commercials of the summer, for Schweppes and Orangina, featured Brazilian music and casts of brown-eyed, mixed-race beauties...
Germany was conquered, then divided into two states designed to remain forever in a state of permanent, if cold, antagonism. Pax Americana and Pax Sovietica solved the German problem. To put it another way, the first achievement of NATO is that it contained the Soviet Union. The second achievement, underappreciated now but not for long, is that with the collaboration of the Soviet Union, it solved the German problem...