Word: writes
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Dates: during 1980-1989
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...other big banks were posting shaky profits, it announced in July a second-quarter earnings gain of 23% over 1983. Last week, however, First Chicago made a stunning disclosure that stirred new concerns about the soundness of the U.S. banking industry. Chairman Barry Sullivan stated that First Chicago will write off $279 million in bad loans during the third quarter for an overall loss of up to $74 million...
Sullivan defended the huge write-off as a "onetime event" to cleanse its books, and there was little evidence that the bank's losses would continue. Said New York City Analyst Raphael Soifer, a member of the Brown Brothers Harriman banking firm: "There is no reason for panic. First Chicago has a problem, but it's solvable." Still, investors and depositors could not help being startled. Experts had assumed that the economic recovery would already have eased the problem of bad loans. But First Chicago's setback from lending in energy and agriculture demonstrates that some industries...
Even though Bic has beaten Gillette in the lighter skirmish, the battle between the two companies will rage on. The firms are equally fierce competitors in the throwaway pen and razor markets. While Bic's pen outsells Gillette's Write Bros, model, the Gillette twin-blade disposable Good News shaver holds an edge over the Bic single-blade entry. Gillette is also the leading producer of blades and razors in the U.S. and Canada and most of the rest of the world. In the bathroom battle at least, the American company continues to clean...
...psychosis and years of trying to wring poems from a life that eludes him, he marries Sarah Garvey, his daughter's high school guidance counselor, and accepts a teaching post at Billings State University in Kansas. There is no sanctuary on the open plains. The professor tries to write his way out, but finds himself describing the results to his wife and his publisher as "kind of a transitional book - kind of a plateau performance, if you see what I mean." It is a plateau that, more and more, starts to look like home...
Last month, Rosenblatt signed with Doubleday books to write about the subject, to the tune of 600 pages...