Word: turning
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Dates: during 1980-1989
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...estimated $6.7 billion. And last June an investor group led by Los Angeles financier Alfred Checchi paid $3.6 billion for No. 4-ranked Northwest Airlines. Of the four largest U.S. carriers, only No. 3, Delta, has yet to take a direct hit in the takeover wars. And its turn may come...
Some industry watchers think American could turn to hometown partners for help. Rumor had it that certain members of the billionaire Bass family of Fort Worth might take a large friendly stake in the company, as they did to protect the Walt Disney Co. from a raid several years ago. Or Crandall might borrow money to create an Employee Stock Ownership Plan to achieve the same goal...
Even deadlier would have been any American attempt to seize Noriega when the coup leaders refused to turn him over, which would have pitted U.S. troops against not only the pro-Noriega forces but the rebels as well. Moreover, some units of the Dignidad paramilitary forces and the Doberman riot-control units, though badly trained and disciplined, might have resorted to subsequent guerrilla warfare. That would endanger not just American troops but also the 50,000 U.S. civilians living in Panama...
...Lester, a sleek TV producer (played by Alan Alda in a gloriously fashioned comic performance). He offers Cliff a sinecure: filming a documentary that will make Lester look like a philosopher-king among the pompous nitwits who produce prime-time TV. Cliff agrees, but because he tries to turn Lester's story into a truthful expose, the project collapses. Along the way he loses the woman he loves (Mia Farrow), as well as a serious film to which he had been profoundly committed...
...40th anniversary of the country's founding as a separate socialist state, the government in East Berlin found itself utterly humiliated. Like storm-besieged dikes, the borders of the country had sprung one leak after another, and thousands of refugees were pouring out. The routine anniversary visit threatened to turn into another diplomatic nightmare for the Soviet President, fraught with the kind of tensions and prodemocracy demonstrations that marred his trip to China last spring. It was Gorbachev's message of change, after all, that had largely inspired the freedom flight...