Word: shows
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Dates: during 1980-1989
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Buck up, Mrs. Campbell, it could be worse. There are 1,500 financial newsletters being published at the moment, and many of them are on display at the money show: the Astute Investor, the Busy Investor, the Patient Investor, the Contrary Investor, the Cheap Investor and so on. Most of them are solo operations, and one editor describes them unabashedly as the "alternative press" of the era. The wished-for kinship is not with some Age of Aquarius tabloid, of course, but with pamphleteers like Thomas Paine and Alexander Hamilton. The newsletter gurus see themselves as disabusers of Wall Street...
...money counts, of course, but perhaps not so much as puzzling out the future and proving that everybody else has it wrong. Charles Githler, who is sponsoring this money show, captures the visceral quality of the obsession (though with a blithe disregard for mixed metaphors) when he introduces the editors: "They'll really spill their guts. They'll put their necks on the line, and then let you fire back with your questions...
...show of force, however, the recovery drive has made little tangible progress. Exxon estimated that it had cleaned a scant 3,300 ft. of beach, leaving 304 miles of oil-covered shoreline to go in Prince William Sound alone. The company claimed that it would pick up the remaining seaborne oil within the next two weeks and scrub all the fouled shoreline before cold weather arrives in September. But Alaskan officials grimaced with skepticism. "Sounds too rosy," said Dennis Kelso, Alaska's environmental conservation commissioner. "Look at Exxon's track record till now -- too little, too late, and too many...
...called him Panama's top narcotraficante, indicted him in Florida and vowed to depose him. But General Manuel Antonio Noriega still runs the country, and even though he will not be standing for election on May 7, he looms as the power behind the throne. Polls show that Noriega's handpicked candidate for President, Carlos Duque, trails opposition candidate Guillermo Endara by more than 2 to 1. Yet U.S. officials and opposition leaders are convinced Duque will steal the election. They charge that evidence of government chicanery already abounds: manipulation of voter rolls to keep opponents from the polls, coercion...
...seize the opportunity to bring international pressure to bear on Noriega. "At a time when the world is having free elections, including the Soviet Union and Poland, Panama is not," says Richard Lugar, a member of the Senate Foreign Relations Committee. "You need to make Noriega pay." To show its disapproval, the U.S. could restrict visas issued to pro-Noriega Panamanians, refuse to recognize the newly seated government, and turn away any ambassador sent to Washington by the Duque administration. The Administration wants to tighten sanctions, but further economic deterioration might fuel an anti-U.S. backlash. "When have economic...