Word: shake-up
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...supply-side test, a financial shake-up and merger mania...
...year's economic turmoil helped speed a historic shake-up of U.S. financial institutions. Attractive interest rates prompted millions of Americans to withdraw money from banks and savings and loan associations, where the return on passbook deposits is no more than 5½%. Many put their cash into money-market funds, which are operated primarily by brokerage houses and financial management firms, and offered interest as high as 17%. The assets of those funds more than doubled during 1981, to $186 billion. Says Walter Wriston, chairman of New York's Citibank: "Americans are not stupid. They have been...
...clerics who want to leave the priesthood. Cardinals need to be appointed in a number of large urban dioceses, among them Milan, Paris and Washington. Crucial projects to overhaul the Vatican's financial organization and to revise the church's canon law have been delayed, and a shake-up of the cumbersome Curia is long overdue. All await papal supervision and approval...
...reaper, the company was directed primarily by the McCormick family until 1977. But Chairman Brooks McCormick, Cyrus' great-grandnephew, then admitted that the firm had become "stodgy." Said McCormick two months before his retirement as chief executive officer: "We've been a slumbering giant. We need a shake-up and a darned good...
Finally, the Central Committee also endorsed a minor shake-up in the ruling Politburo. Out went the ineffectual former Premier, Jozef Pinkowski. In came two workers, Gerard Gabrys, a miner, and Zygmunt Wronski, a molder at the Ursus tractor factory. Their inclusion in the party's supreme body, said Kania, was "the first step toward extending the representation of workers from the provinces into the Politburo...