Word: world-class
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...International Olympic Committee (I.O.C.) as the site of the 1988 Summer Games, certainly would seem to offer a tempting target if East-West political tensions do not ease; it is the capital of a nation that the Soviet Union and many other Communist countries do not recognize. And will world-class athletes be willing to undergo the grueling four-year grind of training for the Olympics, if they face a constant threat of having their chance to compete taken away at the last moment...
Shawmut is a member of Herzog's class: the pensive man driven to distraction or worse by the messy betrayals of life. What Kind of Day Did You Have? presents a mirror image of this condition. Victor Wulpy, 70, is "a world-class intellectual" who is trying to keep life at arm's length. He has "arranged his ideas in well-nigh final order: none of the weakness, none of the drift that made supposedly educated people contemptible...
...agreed to sell its steel operations for $575 million to U.S. Steel, the industry's leader. But that deal collapsed in March because of antitrust problems in Washington. Says National Chairman Howard Love: "Our original intent was not to get out of steel, but to find a world-class partner who would allow us to stay in it very successfully...
...sharp controversy within the Reagan Administration. J. Paul McGrath, the Assistant Attorney General for antitrust policy, first vetoed the agreement on the grounds that it violated Justice Department merger guidelines. Commerce Secretary Malcolm Baldrige then wrote an article in the New York Times calling McGrath's decision "a world-class mistake." President Reagan strayed into the fray by remarking that the merger would not "reduce competition to the point that it would constitute monopoly...
...Reagan Administration was unusually fractious last week on another corporate coupling. In an article in the New York Times, Commerce Secretary Malcolm Baldrige blasted the Justice Department's decision to block the joining of LTV and Republic Steel because it would reduce competition. Baldrige called the ruling "a world-class mistake" because it hinders the steel industry's efforts to become more competitive with foreign producers. A day later, outgoing Attorney General William French Smith issued a statement defending his department and pointedly remarked that antitrust decisions would be made "without regard to how popular they...