Word: solvently
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...issue came to a head early last year, when Fairchild and Intel Corp., another local chipmaker, reported two major leaks in as many months. At the Fairchild plant in San Jose, workers discovered that a faulty storage tank had discharged some 13,000 gal. of a mildly carcinogenic solvent called TCA into the underground water supply. A few weeks later, Intel announced that a concrete vault had leaked, and that traces of a strong carcinogen, TCE, had turned up in a farmer's well near by. Fairchild has spent $10 million cleaning up its spill, and the company steadfastly...
...rather than the people directly responsible for harmful acts. Says Professor Gary Schwartz of U.C.L.A.'s law school: "Robbers and muggers do not have liability insurance, and they do not have assets. The job of the lawyer is not simply to find the negligent party but the negligent solvent party." Russell Moran, editor of the New York Jury Verdict Reporter, puts it more bluntly: "A good lawyer will try to find anyone in gunshot range who has the ability...
...DEAN OF THE FACULTY, Henry Rosovsky has said, must see himself as "the custodian of a national treasure," and over the past 10 years, custodian Rosovsky has generally preserved that treasure well. Today's Faculty, thanks largely to the dean, is more harmonious, more solvent and more purposeful than the one he inherited in 1973. The news last week that Rosovsky will step down next June does more than prompt and assessment of the dean's successes and failures. It also, in light to Rosovsky's great impact in the University's second most powerful post, underscores the need...
...then and feeling solvent. He had been rich two or three times since he took a bachelor's degree in history from the University of North Carolina at Chapel Hill in 1954, going on to speculate prosperously in land. He speaks wistfully of a period, long ago, when he ran through his money in the sporting houses of Havana. Laying a finger alongside a nose whose veins suggest some past abuse, he allows: "One time, I drank myself broke...
When U.A.B. announced in January that its 1982 losses were only $2.3 million, FDIC officials demanded that the bank issue a new report showing higher losses; U.A.B. 's board refused. Last week Adams determined from his own audit that the bank was in solvent. On its last day of business, between $17 million and $25 million in deposits were withdrawn in a run on the U.A.B. (The other 28 banks controlled by the brothers were judged to be solvent. Nevertheless, worried customers have with drawn several million dollars from C.H.'s Southern Industrial Banking Corp...