Word: surely
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Dates: during 1980-1989
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Most legislators survived at least one tough election early in their careers, and the anxiety lingers. "It's the built-in nervousness in the system," says Michigan Democratic Congressman Sander Levin. "People who should be sure tend to be unsure." Small wonder that even the safest incumbents run up huge surpluses in their campaign war chests to deter future challengers...
...total amount of cash that the Federal Savings and Loan Insurance Corporation will pump into the thrift to make it lucrative for the new owners is estimated at $1.7 billion to $2.5 billion. The arrangement clearly adds up to a sure-thing profit for Bass. American Savings will be split into two entities: a "good" S & L to hold $15.4 billion in healthy assets and a "bad" one that will liquidate $14.4 billion in sour loans and other assets. For a total investment of only $500 million, the Bass Group gets 70% ownership of the good thrift. FSLIC controls...
Bass has thus managed to buy a huge, healthy S & L, complete with a network of 186 branches, for a relatively tiny amount of capital. More than half of his thrift's assets consist of another sure thing: a $7.8 billion loan to the "bad" S & L that is fully guaranteed by FSLIC to pay a handsome 2% more than the going cost of funds. That will pump some $160 million in annual interest into the Bass thrift, no matter how much trouble FSLIC has in getting rid of the bad assets...
...Tawana Brawley affair has inspired a team of six New York Times reporters and an editor to collaborate on a volume projected for release in late 1989. Politics and sex were the surefire ingredients of the fraud, bribery and conspiracy trial of former Miss America Bess Myerson, and, sure enough, they are soon to be clothbound in a book by Shana Alexander, whose previous titles chronicled the murders of a diet doctor and a Utah millionaire...
...petition's organizers should have made sure they fully understood the provisions of the new lottery plan before attempting to explain it to their freshmen signers. But it is nothing less than irresponsible for the council not to make any effort to correct the mistake before furthering the document, particularly when council members sit on the student-administrator committee which debated the masters' plan with Jewett. To have failed to do so was a grave disservice to the freshmen who signed the petition in good faith, and an embarrassment to a council which claims to be actively representing student interests...