Word: year-end
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...TIME's annual effort to evaluate the biggest news stories of the year, the common theme running through the large-type headlines of 1987 was Ronald Reagan. He was there not so much for his accomplishments as for his lack of them. "Terrible, terrible," said Nancy Reagan, herself a victim of cancer, in a year-end interview with the Washington Post. "Overall, I guess the whole year has been the roughest...
...economic forecaster, Greenspan has had his share of hits and misses. In early 1986 he predicted a year-end unemployment rate of 6.6% and was right on the button. In December 1984, though, Greenspan estimated that in 1986 inflation would be running at a 6.8% rate. In fact, prices increased 1.1% last year...
...cost could have been much greater. The bank's anticipated $2.5 billion loss in the second quarter is expected to be offset by three profitable quarters, to bring the year-end loss back to $1 billion. The company aims to return to profitability next year. And within three years, Citicorp plans to reduce its Third World debt portfolio by about one third, or $5 billion. The bank intends to sell some of the loans at a discount and transform others through so-called debt-for-equity swaps, in which the loan becomes an investment in the borrower country...
...fill a 500-seat rock club in Boston for a Christmas show, at $7 a ticket. Now he booked the city's classiest concert house, the 2,600-seat Symphony Hall, for a year-end performance at $15. It was a $20,000 gamble, and it paid off in a sellout. A year later, when he repeated the concert, Bostonians talked of his "traditional" Symphony Hall year-ender. Next season public television filmed the show. By this winter the year-ender had grown to a three- performance weekend exhaust-a-thon with Symphony Hall set up cabaret-style and tickets...
Fernandez called the event a success and said she hoped it could become an annual year-end occurrence...