Word: swifts
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Dates: during 1980-1989
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...unusual move, it referred the case to the Justice Department for criminal prosecution. Last week U.S. Attorney Edward Dennis Jr. announced that a federal grand jury in Philadelphia had returned an indictment against G.E. for allegedly defrauding the Air Force of more than $800,000. In a swift and stiff follow-up punch, the Pentagon declared that it was temporarily barring G.E. from any new military contracts. As if that were not enough, the Pentagon disclosed that it was taking another "exceptional action" against the company, demanding that it voluntarily return what the Defense Department considers excess profits collected...
...York Stock Exchange, abuzz for the past few years with big consolidations in oil, steel and transportation, the reaction was swift and positive. Investors sensed that a new rush was developing toward stocks of communications companies, portending more big mergers and fast price rises. ABC stock shot up $31, to nearly $106, and issues of some other companies in the field also climbed sharply. At week's end CBS had gained 20 1/4, to 108 3/ 4, and RCA, parent of NBC, had risen 4 7/8, to 42 7/8. Newspaper publishers Gannett and Knight-Ridder were...
...example, a published summary of one Politburo meeting revealed that, among other things, the members of the Soviet Union's supreme decision-making body had considered whether to lower the price of fur collars on winter overcoats. They decided that the Council of Ministers should take swift action. A few days later, a decree cut the prices of the collars...
...ground fighting erupted last week, both sides had broken an agreement, arranged nine months ago by the United Nations, to refrain from hitting civilian targets. Iraq, desperate to break the prevailing stalemate, was first to violate the accord with air raids against Iranian cities and towns. The response was swift: sirens wailed in Baghdad as Iranian jets swooped in, hitting a huge housing development called Saddam City. In the various attacks on civilians, at least 500 people were killed on both sides...
...most pressing problem before the government is the swift rise of the Communist insurgents, who have brought civil war to many regions of the country. Capitalizing on the government's tarnished reputation and the military's widespread corruption, the armed guerrillas now number some 12,000. Over the past nine months, Defense Minister Juan Ponce Enrile has been helping to organize a concerted counterinsurgency campaign. "I am happy the leadership accepted that we had a problem to address," Enrile said last week. Others disagree. Said a staff report prepared last year for the U.S. Senate Committee on Foreign Relations: "There...