Word: spate
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Dates: during 1980-1989
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White House Spokesman Larry Speakes said the polygraph questions will concern security, not an individual's personal life. Speakes denied that the stepped-up use of lie detectors is directly related to the spate of spy arrests this year. Those cases caused enough alarm about national security, however, that criticism of Reagan's latest resort to the machine has been notably muted...
Those moves were the latest in the spectacular spate of mergers, acquisitions and takeover wars that have transformed the U.S. economy in recent months and become matters of grave concern in American boardrooms, courtrooms and legislatures. In 1985 companies were acquired, wholly or in part, at the frantic rate of eleven a day. When the dollar value of those deals is finally totted up, it is certain to surpass the record $125 billion reached in 1984. Says Democratic Representative Timothy Wirth, who chairs a House subcommittee that has been studying acquisitions: "These mergers and takeovers are having as profound...
...troubling statistics. The $200 billion U.S. budget deficit could drive interest rates back up and stifle growth. And the $150 billion trade deficit continues to drain money out of the American economy. Finally, today's stock boom is built in part on debt accumulated to pay for the recent spate of megadollar takeovers and leveraged buyouts...
...single, however, that will probably attract the most attention and provoke the greatest response. If, as Rock Critic Greil Marcus has skeptically suggested, the recent spate of concerts like FarmAid bespeaks merely "a craze for charity," then Sun City represents a step toward outright activism. The accustomed structure for all such undertakings is present: participating musicians worked free, recording studios donated facilities, Van Zandt covered his own expenses, and Manhattan Records will donate all of the profits to the nonprofit Africa Fund...
While the story of Kerouac's life is a fascinating one, it is also much-told. While Kerouac is a meticulous documentary, it adds little to the spate of literary accounts of the author's life, many of which have been published recently. It is an opportunity sadly missed...