Word: sheetings
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...FSLIC'S list of "problem cases" has jumped from 79 to 246. Last year the agency saved eleven insolvent S and Ls by ar ranging shotgun mergers with healthier institutions. These rescue operations cost the agency $1.3 billion out of its $6.5 billion reserve fund. The bal ance sheet at Economy Savings, however, was apparently so dismal that no takers could be found...
Recalls CNN President Reese Schonfeld, 49: "When we started up and I saw that it could work, there were tears in my eyes." If Schonfeld could have predicted his balance sheet, those might have been tears of sorrow. Starting with a scant potential audience of 1.7 million and a paper-thin $25 million annual budget,* CNN soon faced operating costs close to $3 million per month during the heat of an election summer. News Director George Watson, the former head of ABC's Washington bureau, quit in frustration after two months of broadcasting; others followed. Most threatening...
...pushing hard for consistency. One major concern at the NATO meeting was what Weinberger - regarded by Europeans as a loose cannon - would do and say at a gathering this week of the Atlantic Alliance's defense ministers. Said one aide: "Haig wants Weinberger to sing from the same sheet music...
...dermis, is a mixture of a protein from cowhide and a complex carbohydrate derived from shark cartilage. When mixed with an acidic solution, the two ingredients become short white fibers. Freeze-dried and vacuum treated to remove moisture, the fibers form a light and highly porous white sheet of material, which is placed in an oven at a high temperature. The topmost layer, equivalent to the epidermis, is made by bonding a viscous plastic onto the cowhide-shark sheet. The completed skin is then freeze-dried and stored in sterile, closed containers at room temperature...
...more than $5 billion; Alcoa's plunges from $470 million to $ 144 million. Robert Hampton III, a Price Waterhouse senior partner, says that a survey of 83 companies using inflation accounting last year showed that real profits were about 40% less than those reported on the normal balance sheet. Another survey, by Arthur Young & Co., revealed after adjustments for inflation that airlines, railroads and tire and rubber companies actually lost money. High-technology companies like IBM and Intel were the only sector of U.S. industry to do better on an inflation-adjusted basis. Reason...