Word: shocks
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Dates: during 1980-1989
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...community, including the gay rights march planned for the day before the convention opens, would be quite complete without the appearance of a figure clad in a hiked-up nun's habit, black fishnet stockings, and a tightly drawn wimple that sometimes fails to hold in an unruly shock of red hair. These have become the transvestite trademarks of Sister Boom Boom, member of the Order of Perpetual Indulgence, and the drag creation of a 29-year-old astrologer named Jack Fertig. Part put-on artist and part self-promoter, Boom Boom sparks reactions that run the gamut from...
...compact Mustang and produced a car with neck-snapping acceleration: 0 to 60 m.p.h. in 7.2 sec. The luxurious Continental Mark VII LSC has been redesigned for better handling. It has a new slippery shape and a suspension system that uses air-filled rubber sacks instead of steel shock absorbers. Another manufacturer that has been especially successful with cars designed for demanding drivers is Pontiac. In addition to the Fiero, it has won over customers with its 6000 STE, a mid-size model aimed at wooing young adults away from expensive imports. The STE has a wedge-shape profile...
...bubbly celebration of its new service between Harrisburg and Chicago. The highlight of the festivities was the presentation of a plaque to the first passenger booked on the maiden flight. The winner: Ron Rearick, 43, of Bellevue, Wash., who accepted the award and then gave his hosts a shock that flattened the champagne. He presented surprised officials with a copy of his book, Iceman, in which he described his unsuccessful 1972 attempt to extort $1 million from United Airlines by threatening to blow up one of its jets in Salt Lake City...
With meetings like last week's in Cartagena, the debtor countries are attempting to elevate the crisis beyond just a financial dispute with banks. They see the debt shock as a political issue in which the governments of the developed countries should be helping out those of the Third World. As a sign of their intention to raise the level of debate, delegations last week included foreign ministers in addition to finance ministers. Latin leaders point out that largely because of interest payments, their financial resources are being drained away to countries like the U.S. at the rate...
Economists and other experts have put forth dozens of programs for easing the debt shock. Some call for banks to forgive large portions of the loans and write them off as a loss. Another plan would have the IMF buy the loans from the banks. Anthony Solomon, president of the Federal Reserve Bank of New York, has suggested that an interest-rate limit should be placed on loans to the troubled borrowers. In one such plan, interest payments above a certain level would be converted into principal to be paid later...