Word: term
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Dates: during 1980-1989
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...short term, the L.D.P. will be preoccupied with designating a new Prime Minister. Takeshita promised to resign when the Diet enacted a 1989 budget, now one month overdue. In a departing act of bravado, Takeshita defied the Diet's tradition of consensus to push the budget through the lower house without the participation of the opposition parties. They had refused to take part until former Prime Minister Yasuhiro Nakasone, in office when the most flagrant abuses occurred, testified about his role. The budget will probably become law in 30 days, and Takeshita will step down...
...again. "People think too much about the market," he tells his audience, comfortable in the subtle distinction that what he thinks about roughly 14 hours a day is companies, not market fluctuations. He espouses the solid, old-fashioned idea of buying good companies cheap and sticking with them long-term, with the added fillip of using borrowed money to maximize returns. Right now he is margined up to his Adam's apple, being just about the only person in the house who still thinks the market's heading up. People regard him with a fascination and solicitude otherwise reserved...
...long-term effect on fish and other wildlife is difficult to gauge. Nobody knows how much oil may be sinking to the seabed, for instance. One hopeful note was sounded by the National Marine Fisheries Service in Juneau. Tests showed that salmon eggs and crab larvae, at least, may have escaped contamination because the oil became diluted and degraded to nontoxic levels before those organisms were exposed...
...Oddly enough, given his Oxford education and bookish life, Larkin was one of the century's greatest pastoral poets. "At Grass" (about retired racehorses) and "First Sight" (about winter-born lambs) are hymns to the inexorable rhythms of the seasons, to which each human, unfortunately, has only a short-term invitation. "Church Going" deals with a man-made structure. A wayward cyclist stops out of curiosity and enters an empty house of worship: "Once I am sure there's nothing going on/ I step inside, letting the door thud shut." That offhand "nothing going on" builds slowly to signify...
Other deadlines also press. Come September, the presidential term of Eric Arturo Delvalle expires. Though he was forced from office by Noriega 14 months ago, the U.S. continues to recognize the exiled Delvalle as the legitimate President, and has used that handy fiction to withhold $86.5 million in fees collected by the Panama Canal Commission. Bush must decide what to do with those funds, which are legally owed to Panama. Moreover, under the terms of the canal treaty, the American administrator of the PCC must be replaced by a Panamanian by January 1990. The U.S. Senate will have to approve...