Word: shutdowns
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Dates: during 1990-1999
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...pool has been closed since March 1990, when it was discovered that more than 75 students had been partying there in the dark at 3 a.m. with no life guards. The shutdown was only supposed to last until April 8, but the pool has been locked ever since...
Though the discovery of irregularities led to the shutdown of B.C.C.I.'s banking operations last July, Abedi's $20 billion "bank" is in fact far more complex. It is a vast, stateless, multinational corporation that deploys its own intelligence agency, complete with a paramilitary wing and enforcement units, known collectively as the "black network." It maintains its own diplomatic relations with foreign countries through bank "protocol officers" who use seemingly limitless amounts of cash to pursue Abedi's goals. B.C.C.I. trades massively and for its own account in commodities ranging from grain, rice, cement and coffee to timber, carpets...
...spite of the virtual global shutdown of B.C.C.I., the bank remains intact in its traditional haven, Pakistan. Though other press reports maintain that Abedi is physically frail and often incoherent, TIME has interviewed several business associates who say he remains a major figure in the international weapons trade. He has held a press conference within the past month, and is in the process of licensing a new bank in Pakistan, called the Progressive Bank...
...Syracuse, was shut down safely with no release of radiation, critics are demanding that the plant be closed for good. Until June, Nine Mile Point had been on the Nuclear Regulatory Commission's list of troubled plants. Last week a team from the NRC began an investigation of the shutdown. Said NRC spokesman Joseph Fouchard: "We've got a lot of work...
Hong Kong's nervous depositors were hardly alone. The shutdown also froze some $400 million of deposits belonging to Beijing-controlled companies, giving China a bitter taste of the risks of capitalism. In Egypt the government fired the board of the country's B.C.C.I. affiliate and sought to recover $400 million in frozen assets. In Nigeria officials said they would provide $16 million to cover now worthless letters of credit from B.C.C.I. The shutdown even torpedoed shipping around the world. The Wall Street Journal reported that $85 million worth of freight sat stranded on some 1,000 ships because...