Word: southeasterly
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Dates: during 1980-1989
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...admiral admired a horn-handled fruit knife and idly declared that he would like to have a dozen of them. Shipyard executives hopped to. The handle was shipped off to a General Dynamics' lab, where analysis revealed that it had been made from the horn of a rare Southeast Asian buffalo. More buffalo horn was sent for, and a dozen fruit knives were manufactured for the admiral at a boatyard normally devoted to building submarines...
Cubatao, Brazil, Feb. 25,1984. Gasoline from a leaky pipeline in this southeast Brazilian town exploded into a giant fireball that killed at least 500 people...
Everyone agrees that the long, dreadful U.S. experience in Southeast Asia implies certain important truths about what the nation should and should not attempt overseas. But exactly what are those lessons? In military terms. Defense Secretary Caspar Weinberger declared in an address last week, the conclusions are simple: pick wars carefully, make sure the public will cooperate, and then fight to win. Weinberger's rules are nothing new. Thoughtful U.S. military officers have been recommending the same deliberate course for some time. But Weinberger, rather surprisingly, has codified that consensus into an explicit checklist of the prerequisites for military...
...this atmosphere of frenetic competition, however, many banks are making serious mistakes. Says Charles Zwick, chairman of Miami's Southeast Banking Corp. ($9.2 billion): "Bankers are forced to take on new risks, and many of them are guessing wrong." The business has become a high-wire act for managers, leaving them little room for error. A study by the Arthur Andersen accounting firm estimates that the number of banks in the U.S. will drop from the present 15,000 to 9,600 by the end of the decade...
...fundamental reason that many banks face problems is that they were simply unprepared for the rapid growth and change they faced after deregulation. Says Southeast Banking's Zwick: "There are not enough good bankers to accommodate the proliferation of the industry. We've allocated the limited number of qualified people we have." Some banks are now reaching out to consulting firms for expertise and training. Lawrence Darby, a former bank president, this year started a firm called Bankers Training & Consulting in St. Louis. One of its most successful educational tools is a video called The Worst Loan...