Word: turnaround
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Dates: during 1980-1989
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...Democrats 268-167 advantage in the House. Letterer has just returned from a nation-wide trip with Rep. Guy Vander Jagt (R-Mich.), chairman of the National Republican Congressional Committee, and says he found "people optimistic about the future and waiting to vote Republican. It's a complete turnaround from 1982, when everyone was depressed about the economy...
...highly questionable whether the Kremlin or, for that matter, the Administration has either the will or the way to effect a major turnaround, particularly in the most important area: the pursuit of a nuclear-arms-control agreement in the coming months. In response to the initial deployment of U.S. missiles in Western Europe at the end of last year, the Soviets walked out of the Intermediate-range Nuclear Forces (INF) negotiations and broke off the parallel Strategic Arms Reduction Talks (START) in Geneva...
Expressions of concern came from those who gave first consideration to the diplomatic implications of the move. The Administration turnaround seemed to concede to Syria the leading role in Lebanon and give to the Soviet Union renewed entree as a Middle Eastern powerbroker. More generally, U.S. allies, as well as key neutral nations, could draw the conclusion that the U.S. was indecisive despite the Administration's tough talk. Former Secretary of State Henry Kissinger was quick to note that such a perception of U.S. actions was "likely to be quite serious throughout the Middle East and maybe in other...
...people made out better than most in the industry's turnaround. Chrysler, with its U.S. Government-guaranteed loans paid back ahead of time and sales zooming, will resume paying dividends on its common stock in April, the first such payout in five years. As part of the Washington bailout, Chrysler workers were given stock in return for wage concessions. Since the average worker now owns 159 shares, the 150-a-share dividend will mean about $24 each for 68,000 Chrysler employees. Chairman Lee A. Iacocca, with as many as 565,000 shares, will be a particularly big winner...
Following Challenger's spectacular homecoming, NASA too showed renewed faith in its machine. At week's end, it announced that the shuttle would take off again on April 4, in a record turnaround time of only 53 days. -By Frederic Golden. Reported by Jerry Hannifin/Kennedy Space Center and David S. Jackson/Houston...