Word: spending
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Dates: during 1980-1989
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Last week a new high roller appeared on the scene when JVC, the Japanese consumer-electronics company that developed the VHS format for videocassettes, said it will spend more than $100 million to launch Largo Entertainment, a filmmaking company to be run by veteran producer Lawrence Gordon (Die Hard, Field of Dreams). JVC will give Gordon, 53, a former president of 20th Century Fox Films, a free hand in managing the new company while splitting the profits evenly with him. Gordon plans to make three movies in 1990 and five to eight pictures a year thereafter...
...thought that nightly bombing would make the English rise in revolt against Churchill's pursuit of the war. (It was a miscalculation that the Allies were to repeat in their subsequent bombing of German cities.) Londoners instead took pride in their ability to endure the blitz, to spend long hours in the subway bomb shelters, to put out the fires and go on with their lives. "I saw many flags flying from staffs," Edward R. Murrow reported to America one night over CBS radio. "No one told these people to put out the flag. They simply feel like flying...
...domestic product shrank 28% in the first quarter of 1989, and inflation has been running at 25% a month. In Bolivia officials contend that they need & $300 million to $500 million a year to develop legitimate alternatives for coca-farming peasants. That is considerably more than Bennett proposes to spend on the whole region. Democratic Congressman Larry Smith of Florida voices a typical congressional opinion: "I'm wary of sending large chunks of money to any country that doesn't demonstrate the capability of being able to use it properly...
When Exxon reckoned in July that it would spend nearly $1.3 billion to clean up its Alaskan oil spill, liability lawyers knew that was just the beginning. In Anchorage last week the state of Alaska filed a civil suit against the petroleum giant and the owners of the trans-Alaska pipeline, seeking unspecified damages that could total billions of dollars. Alaska charges the oil companies with deceiving the public about the safety of the shipping operation and with incompetence in the cleanup...
Hardest hit was Peking University, where the entire class of 811 students has been ordered to spend its first year not on the spacious city campus but at a spartan military academy 1,260 miles south of Beijing, where the curriculum will be heavily weighted in favor of discipline and party ideology. Said an angry teacher: "The government probably thinks it can change the minds of young people in this manner so that they will avoid being troublemakers in the future." Some face a particularly grueling ideological brush-up. The State Education Commission has ruled that all graduates since...