Word: standardization
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Dates: during 1980-1989
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...flurry of mergers and acquisitions. Ill-advised loans to Latin American countries backfired on BankAmerica Corp., once the nation's largest financial institution. The bank has eliminated almost 30% of its work force and auctioned off moneymaking assets; still it has not turned a profit in three years. Even Standard Oil, the state's largest company, has retrenched in its headquarters town. The decline of the city's corporate and charitable base occurred at the same time voters were putting restrictions on further commercial growth, including last month's referendum rejecting plans for a new downtown baseball stadium. "The city...
Nitze has devoted much of his life to public service in part because he could afford to. He came from a well-to-do family, and his wife of 54 1/2 years, Phyllis, who died in June, was an heiress of the Standard Oil fortune. In addition to having a few silver spoons come his way, he had something of a Midas touch. He was a wunderkind of the investment-banking world in the 1930s -- "the last man hired on Wall Street before the Crash," he says with a wry smile -- and later helped develop the Aspen, Colo., resort where...
...economic problems. Even if the country avoids a recession in the near future, it faces a long period of slower than normal growth, which will be necessary to bring down the trade deficit. The decline in the dollar will help, but only by curbing the rise in the U.S. standard of living. If Americans cannot lower their expectations now, they face faster inflation and a truly nasty recession somewhere down the road...
Some of the archives came to the Loeb already organized by their authors, but the grant will help catalogue them in a standard library format. The grant will enable the library to catalogue the collections on computer and prepare detailed descriptions of the different collections...
...walk the earth," although some writers complain that as a taster he favors strength over subtlety. (Parker, of course, denies it.) His critics also carp that his success is based primarily on a 50-to-100-point rating system for wines that is fast becoming a popular industry standard. Wine merchants across the country know that advertising a vintage with a Parker rating of 90 or more virtually guarantees a sellout. Parker insists that the controversial scores are less important than his precise descriptions of wines, which are sometimes brutally scathing. Of one California Cabernet Sauvignon he recently wrote, "This...