Word: walls
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Dates: during 1980-1989
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...faces not only a public outcry but also a financial liability that could dent its earnings and preoccupy its managers for years. Some 20 class-action lawsuits have already been filed on behalf of Alaskan fishermen and businesses. The company is even getting something of a cold shoulder on Wall Street, where last week it ran into unexpected trouble selling a $110 million issue of two-year bonds, a modest offering for a behemoth with annual revenues of $88.6 billion...
...this continues, time could end up being to the '90s what money was to the '80s. In fact, for the callow yuppies of Wall Street, with their abundant salaries and meager freedom, leisure time is the one thing they find hard to buy. Their lives are so busy that merely to give someone the time of day seems an act of charity. They order gourmet takeout because microwave dinners have become just too much trouble. Canary sales are up (low-maintenance pets); Beaujolais nouveau is booming (a wine one needn't wait for). "I gave up pressure for Lent," says...
...city that gave the country personal trainers, liver with kiwi, and Cher ought to be more adventurous than to have a Mayor for Life. But that's what Los Angeles' Tom Bradley is turning out to be. The man the Wall Street Journal calls the "recumbent incumbent" has just been elected to a fifth term, squeaking by with a 52% majority against a weak field of opponents. With no strong challenger to smoke him out, the tall, quiet Bradley got away with something akin to a Rose Garden strategy. He granted few interviews and ran in part on a platform...
...faced machine gun fire like a wall of death," Sullivan said. "If you listen to the government, you'd believe Colonel North went to work every day and decided what kind of crime to commit in which meeting...
Ueberroth's complex deal to buy the troubled airline has been hailed by Wall Streeters and airline experts as a masterpiece of risk sharing that will help make his task more manageable. The ownership of the restructured airline will be divided among Ueberroth and his investors, who will get 30% of the carrier, Eastern's employees (30%) and other new stockholders (40%). Ueberroth's core group of investors will put up only $200 million in cash. The new company will cover the remaining $264 million of the purchase price by forgiving $185 million in debt that the parent company, Texas...