Word: stockings
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Dates: during 1980-1989
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...past, but divorced from a peculiarly appealing personality, that vision would be very difficult for anyone else to re-create, assuming that any candidate other than Jack Kemp would want to do so. After the Iran-contra scandal, the instances of criminality in the Administration, and, more relevantly, the stock-market crash and that alpine deficit, Reagan's past vision may also have played itself...
Perhaps too late, La Generale is putting up a defense. The company issued $1.5 billion in new stock, aiming to dilute the value of De Benedetti's shares. A Brussels commercial court ruled the stock issue invalid, but the Belgian banking commission gave approval for the defense tactic, thus setting the stage for a legal and regulatory battle. Even Belgium's Finance Minister, Mark Eyskens, intervened. "We are not against Europeanization," he reportedly said. "You can do it, but you can't do it sneakily, breaking in like a thief in the night." In a hurriedly called meeting, Eyskens persuaded...
...fall of La Generale's share price in the stock-market plunge made it a perfect target. Yet De Benedetti, an engineer by training who turned a moribund Olivetti into a global power in office computers, is unlikely to take apart La Generale as a ruthless raider might do. Instead, he aims to expand the company into a Continental conglomerate in preparation for the era beyond 1992, when the trade barriers between the twelve European Community countries are scheduled to be eliminated. That step will create a wide-open marketplace of some 320 million consumers, a powerful launching...
...Congress refuses to go along, since the reform would strip power from the Legislative Branch and hand it to the Executive. But recent events have conspired to give the idea some weight. The Oct. 19 stock-market crash shocked Washington into the realization that the U.S. economy will not be able to endure continuing federal deficits of $170 billion or more. Then Government's budget "summiteers," after much agonizing, produced a puny two-year, $76 billion deficit reduction package. Just before Christmas, Congress presented the President with a $603.9 billion spending bill for fiscal year 1988. The 2,100-page...
...bought by women under 30 (vs. about 25% ; ten years ago), a trend that retailers are doing everything they can to encourage. Fur sales have gone up roughly 10% annually since 1977, reaching an all-time high of almost $2 billion last year -- this despite the October stock-market crash that many feared would hurt luxury sales. But then, a fur is no longer a luxury, notes Sandra Blye of the American Fur Industry association. "It's a life-style item...