Word: shocks
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Dates: during 1980-1989
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Bank regulators also feared that if overseas depositors lost money in a Continental failure, they might start pulling their accounts from other big U.S. banks as well. Smaller institutions could face failure if they lost large amounts of money on deposit with Continental. The shock waves might extend to local companies doing business with those banks. In short, what was at stake in Continental's crisis was the stability of the entire international banking system. Said Democratic Senator William Proxmire of Wisconsin, a vocal opponent of the Chrysler and Lock heed rescues: "For the first time I favor...
...Olympic event there is at least one athlete who does not expect to lose. Not she. She has never lost. Yet she will lose today. She will pit her enormous will against her battered body, and come in second, third or ninth. One looks for the shock on her face, beneath the fatigue or despair. The shock is everyone...
...minutes of Premier Pierre Mauroy's arrival for his weekly meeting with President François Mitterrand, the Elysée's chief of staff emerged onto the steps of the stately, 18th century presidential palace in the center of Paris with a statement that sent shock waves across the country. "Premier Pierre Mauroy has presented his government's resignation," the official noted gravely. "The President has accepted [and] named Mr. Laurent Fabius as Premier." Fabius, formerly Mitterrand's Minister for Industry and Research, will at 37 become France's youngest Premier in more than...
When a time bomb ripped apart an oil pipeline in northern Angola on July 12, the former Portuguese colony's Marxist leaders felt the shock waves. The blast could not be dismissed as simply another act of sabotage by the National Union for the Total Independence of Angola (UNITA), the guerrilla group battling to set up a government of national unity. For the first time, UNITA had struck at Angola's oil industry, which accounts for 75% of the country's revenues, and had launched an attack hundreds of kilometers from its bush-fringed stronghold in southeastern...
...album, a stereophonic silver lining in search of and, indeed, in need of, a few stray clouds. Earnest, upbeat and insistently optimistic, Victory was shipped out by Epic Records in almost unprecedented numbers (2 million copies hit American record retail outlets last week). The first single, State of Shock, a politely raunchy dance number in which Michael can be heard ducting with Jackson-for-aday Mick Jagger, is doing nicely. But this is very much an album in need of what the record business calls tour support. The most interesting song-or the most curious, at any rate...