Word: tion
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...dump their best-performing stocks." Wall Streeters hope that any widespread selling urge on the part of small investors will be offset by the lure of a potentially bigger bull market ahead. In fact, some advisers are telling investors to sell their stocks to get the capital-gains deduc- tion and then buy the shares back again...
...strong hope for an improved trade situa tion, the economists agreed, would be a still weaker dollar. Indeed, Treasury Secretary James Baker prompted a new dip in the dollar's value last week by declaring that the currency may have to come down further to force a shrinkage of the trade deficit. If the greenback were to fall another 15% against all currencies, Economist De Vries figured, it would slash about $50 billion from the deficit. One reason: foreign manufacturers would finally be compelled to push their prices up substantially on goods sold in the U.S. The rise in import...
Last-minute appeals for clemency for the two Australians, which were sent to Malaysian Prime Minister Mahathir Mohamad by Australian Prime Minister Bob Hawke, British Prime Minister Margaret Thatcher and the human rights organiza- tion Amnesty International, proved unsuccessful. Hawke subsequently condemned the hangings as "barbaric." In response to the argument that no one has the right to take another's life, Mahathir replied, "You should tell that to the drug traffickers...
Alarmed by the Jobs-Sculley conflict and Apple's sagging position, company directors pressured Sculley to exert his power as chief executive. Last May he did so. In a major corporate reorganiza tion, Sculley realigned the company along conventional manufacturing and marketing lines. Jobs, who had sought to persuade the board to fire Sculley, was kicked upstairs, losing all operating authority. Four months later he was gone...
...choice. If he still wanted sweeping cuts in civilian spending, he would have to swallow a budget resolution that included a provision for what he called "zero growth" for the military: no increase in Pen tagon outlays next year beyond what is necessary to keep up with infla tion. Nothing else could squeak through the Republican-controlled Senate--and even so, the vote scheduled on Thursday was going to be breathtakingly close. The President finally said yes, and Senate Majority Leader Robert Dole quickly spread the word. Secretary of Defense Caspar Weinberger, who had turned Reagan against accepting deep cuts...