Word: standoff
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...overdosed on power. The Journal defends its embargo as necessary to ensure that complex medical information does not reach the public before it is read and digested by physicians. Says Editor Dr. Arnold S. Relman: "The embargo is important to help doctors take good care of patients." Diagnosis: a standoff between Reuters and the Journal. Prescription: take two aspirin and call each other in the morning...
State and federal officials said they were determined to resolve the standoff without bloodshed. The police fired no shots, out of concern for the children in the compound and perhaps out of sensitivity to the events of nine years ago. Inside the fortified cabin, the spirit of the stubborn patriarch was very much alive...
...considered more secure and negotiable than the old debts. Reason: before issu bonds that would be worth $10 billion when they mature in 20 years. The U.S. bonds would then serve as collateral for the new Mexican paper. While the proposal may be a breakthrough in the debt standoff, the $10 billion in loan relief would still leave Mexico with a daunting load. Moreover, the scheme may not be readily adaptable for such other debtor nations as Brazil and Argentina, which cannot match Mexico's relatively healthy $15 billion in foreign currency reserves...
Thus ended the so-called war of the embassies, the diplomatic standoff in which the French diplomat and the Iranian interpreter were held for five months as virtual prisoners in their embassies. Only 48 hours before the . exchange, Premier Jacques Chirac's government had won the release of two French hostages in Beirut...
Meanwhile, the Administration won at least a symbolic victory in its efforts to persuade West Germany to spur its economy. The standoff between Baker and his West German counterpart, Finance Minister Gerhard Stoltenberg, eased slightly, aided by an announcement from the German central bank that it would cut two of its less important interest rates. If Bonn were to follow up * on that step and reduce its prime interest rates, there would be less pressure on the dollar. Reason: the greenback has been declining because U.S. interest rates have lately been falling in comparison with those of West Germany...