Word: term
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Dates: during 1980-1989
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...last week. David Mulford, Assistant U.S. Secretary of the Treasury, declared during a visit last month that Argentina would be an ideal candidate for his government's new Baker loans (named after Treasury Secretary James Baker), which will provide low-interest funds to help Third World debtors stimulate long-term economic growth. Mulford is among many experts who clearly hope that Argentina will set an example for other distressed lenders...
Critics of mergers and takeovers, on the other hand, charge that hostile consolidations disrupt management and force companies to think mainly of short-term profits rather than of how to become more effective competitors in U.S. and foreign markets. Even the short-term run-up in stock value that frequently occurs in merger situations may not be to the long-term benefit of a company, since it may overstate the firm's actual worth. Martin Lipton, a Wall Street lawyer who specializes in helping companies defend themselves against raids, denounces them "as financial transactions for the profit of the takeover...
...merits. There are good mergers, and there are bad ones. The true danger of the current rash of mergers is that it will distract corporations from the real business of business. American firms, facing ever tougher competition both at home and abroad, need to look beyond the short- term search for a merger partner or takeover target and get back to making products and services for tomorrow's customers...
...What is an A.W.B.? In football circles, this has long been shorthand for an "average white back." Coach Dan Devine of Arizona State, Missouri and other far-flung places happened to use the term in passing the other day, while reminiscing on the occasion of his induction into college football's Hall of Fame. He could say such a thing publicly now as comfortably as Pete Rose, throughout his historic baseball summer, kept noting "Not bad for a white guy." Is racism losing some of its subtlety, or is sport losing some of its racism...
Ferraro's finances, which bedeviled her 1984 campaign, were not her only political liability. Alfonse D'Amato, who squeaked into office five years ago in a three-way contest, has confounded Democrats by building a formidable base for a second-term bid. A tireless campaigner who tends assiduously to home- state details, D'Amato has amassed a war chest of $7 million. Last week, even though the Democrats have yet to come up with a candidate, five New York City unions, including those representing city employees and transit workers, endorsed D'Amato, bringing his statewide total to nearly 70. Even...