Word: thirds
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Dates: during 1980-1989
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...team barely made it into the finals--a first for Harvard since 1981 and only the second time since 1978, despite the fact that over that span Harvard has usually had better teams than any of its opponents and has six times made the NCAA playoffs; 3) In the third period of the Boston College game this year, Harvard entered the period with a 5-2 lead, watched B.C. take 21 shots and score twice, took only two shots itself, scored no goals and nearly gave Cleary a heart attack; 4) In the final, taking a 3-1 lead into...
...realizing that Reagan-era ethical laxity is Out and more rigid Bush-era ethics are In. Four days after a story broke that he owned shares (worth $7 million in 1981 and an undisclosed amount today) in Chemical Bank New York Corp., which has huge loans to Third World nations, he announced that he would sell them. As Reagan's Secretary of Treasury, a qualified blind trust (whose owner knows what assets it contains, though he has no say in when they are bought and sold) was deemed sufficient. But after White House ethics chief C. Boyden Gray...
Though Baker said the sale of the stock would have his grandfather "turning over in his grave," this was not a close call: there is no way for a Secretary of the Treasury to deal with Third World debt and not significantly affect the fortunes of Chemical Bank, and there is no way for a Secretary of State to steer completely clear of the issue. Harvard economist Jeffrey Sachs pointed out last week that after Baker refused to accept a Brazilian proposal that would have forced American banks to write down billions of dollars in debt in 1987, Chemical...
Last year, points out Brown, the U.S. became a "food deficit" nation, producing 196 million tons of grain and consuming 206 million. The 100 or so nations that purchase food from us are being supplied out of our dwindling reserves, now down to one-third of our stocks of just two years ago. The world's carry-over supplies have been reduced from 101 days of food consumption to 54 days, which is just about enough to keep the global food pipeline filled. "If the drought goes on," says Brown, "we could see a frantic scramble for supplies that would...
...Nino and the North American jet stream will keep behaving, so that eventually rainstorms will be lured up from the Gulf to drench the croplands. Kentucky and Tennessee last week got a bit of that action. But many more downpours are needed. Iowa's rich loam has only a third of the usual subsoil moisture. Hydrologists have warned New York that if reservoirs do not fill soon, the city could have water shortages this summer. With California reservoirs at 42% capacity, farmers are being told to expect only 60% of their water needs, and even less if rains...