Word: spreading
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Dates: during 1980-1989
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Federal law technically forbids banks to branch across state lines. But the rules have not stopped the interstate spread of financial institutions that function very much as real banks do. These companies have been able to circumvent the law because they do not fit the legal definition of a bank: an institution that takes deposits that can be withdrawn on demand and makes commercial loans. Known as "nonbank banks," the newcomers generally take deposits or make loans, but do not do both. About 80 of these limited-service banks have sprung up across...
...other boost came from the Roman Catholic Church. With some 13,000 priests and nuns spread across the country, the church is probably the only | force in the Philippines that matches the organizational might of Marcos' political machine. Two weeks ago Cardinal Sin sent a letter to all 2,200 Philippine parishes instructing the faithful to vote for "persons who embody the Gospel values of humility, truth, honesty, respect for human rights and life." Few Filipinos had to guess whom he meant. Aquino, says the Cardinal, "is always listening...
Later in the week, at least 42 people were killed outside Durban in yet another resurgence of fighting between Zulu and Pondo tribesmen. Thousands more were left homeless as fire spread through the shantytown where the Pondos live. Since Christmas, more than 100 people have died in clashes between the groups over jobs and housing. Police officials arrested 480 people after the latest outbreak and seized truckloads of weapons, including spears and homemade guns...
Caught unawares by South Yemen's rapidly spreading civil war, the British and Soviet governments were participating in a joint rescue operation that in a modest way resembled the Allied evacuation at Dunkirk during World War II. As savage fighting between Marxist factions spread throughout the desert country, about 5,000 foreigners were transported from Aden, at the southern approach to the Red Sea, to the former French colony of Djibouti, 150 miles away...
Behind them, across the water, the flames of tribal warfare had spread to the country's remote regions, and there was a danger that the fighting might eventually extend to North Yemen and beyond. How long the battle of South Yemen might continue was impossible to say. But at week's end the rebels, with apparent Soviet backing, were trying to cobble together some sort of provisional government...