Word: soured
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...only sour note in FIST 7 was struck by the courts. Since the operation began Sept. 20, said Attorney General Smith, judges have released about half of those arrested...
...fashioned way-they earned them. Says William Isaac, chairman of the FDIC: "The common thread in the industry's troubles is bad management. You can get away with a fair amount of poor management when the economy's in good shape, but if the economy turns sour, as it did in 1981-82, your mistakes are magnified." This does not mean that all bankers have turned into casino gamblers. "I don't think that bankers as a whole have become reckless," says Carlos Arboleya, vice chairman of Barnett Bank of South Florida. "But there will always...
...Francisco's Bank of America, profits have been depressed for three straight years, partly because of farm and real estate loans that turned sour. During the first nine months of the year, the bank suffered $628 million in loan losses, compared with $431 million in all of 1983. Federal regulators want the institution to increase its capital by about 20% in order to create a larger reserve against uncollectible loans. This can be done by limiting dividend payments to shareholders or issuing additional stock. After the disciplinary action, Bank of America Chairman Leland Prussia admitted, "I guess you could...
...effort left a sour taste. "We paid the penalty of being labeled a special-interest group," says Douglas Fraser, retired president of the United Auto Workers. Labor's all-out embrace also reinforced outdated expectations that its members would vote as a bloc. "The fact that people expect labor to deliver a unified vote is ridiculous," says Sam Fishman, president of the Michigan AFL-CIO. In 1964, 73% of labor households voted for L.B.J.; by the time Jimmy Carter ran for re-election in 1980, the Democrats' share of the union vote had dropped...
...quality is too high. Traditionally, refiners were willing to pay a premium for light, low-sulfur crude, which is used primarily to make gasoline. But refiners in the past year have improved their technology so that they use more of the less expensive, heavy crude. Thus the so-called sour oil is getting a larger share of the market, and its price has been holding firmer. In the past few weeks Saudi Arabia has boosted its exports of heavy crude, which it sells for as little...