Word: settlements
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Dates: during 1980-1989
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...gentle treatment that E.F. Hutton got last month was especially controversial. Hutton pleaded guilty to a fraud that bilked some 400 banks out of at least $8 million between 1980 and 1982. In its settlement with the Government, Hutton agreed to pay a fine and court costs totaling $2.75 million and to repay banks the money they lost. No individuals, however, were prosecuted, even though the Justice Department admitted last week that two people were primarily responsible for the scheme "in a criminal sense." The department defended this act of amnesty by arguing that it wanted a fast settlement...
...Urirchar, Ali Ahmed, 46, first heard the wind gusting violently during the early part of the night and saw the mangroves swaying wildly. As island elders huddled around a radio, trees and whole huts began crashing to the earth around them. Finally the huge tidal surge ravaged the settlement, submerging all except those who managed to struggle their way to the safety of a few brick buildings. Ahmed was relatively lucky: he lost only one of his five children...
...close of their conversations in the White House last week, President Reagan and his guest, King Hussein of Jordan, stepped out into the Rose Garden for an impromptu press conference. The President wished Hussein well in his search for a Middle East peace settlement. The King responded with words that amounted more to a policy statement than a formal farewell. As the result of his recent talks with Yasser Arafat, the chairman of the Palestine Liberation Organization, Hussein declared, "we are willing to negotiate, within the context of an international conference, a peaceful settlement on the basis of the pertinent...
...losing luggage had something else to worry about last week. United Airlines, which normally carries some 120,000 passengers on 1,500 flights daily, suspended virtually all its service after 5,000 pilots went on strike. Industry observers are keeping a close eye on United, since its final settlement could set a precedent for other airline negotiations. "It's going to be a watershed development," said Alfred Norling, an analyst with Kidder Peabody...
Hennie is the pseudonym of an outspoken Anglican priest in Wyndal, a pseudonymous white settlement in a lush, isolated valley north of Cape Town. His audience is Vincent Crapanzano, an anthropologist at New York City's Queens College, who assembles in Waiting an oral biography of South Africa's white community, the 16% minority that rules a nation at once divided and single-minded. Over the course of the book, Van der Merwe and more than 30 other Wyndal residents vent their passions, explain their prejudices and in effect deliver their own eulogies. "We lack (tribal ritual) so terribly...