Word: corps
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Dates: during 1980-1989
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...than deletions in the military's wish list. Nuclear-arms control saves little money because it normally results in destruction of hardware that has already been paid for and often requires expensive verification methods. Reducing conventional forces could save money, but not much: defense-budget experts from the Rand Corp. to the Congressional Budget agree that a 50% reduction in U.S. troops in Europe would yield savings of only $6 billion to $7 billion a year. Real savings would not occur unless troops based in the U.S. are demobilized, a politically unappetizing prospect because of its impact on local economies...
...banks and the Government already own an awful lot of homes -- 250,000 would be a rough estimate -- which alone is reason to expect prices to be weak. The Resolution Trust Corp., set up to sell off the holdings of hundreds of failed S&Ls, is pledged to avoid triggering a price crash. Yet this is an arm of the same Government, after all, that actually lost money auctioning off confiscated drug loot...
Hepatitis C afflicts an estimated 150,000 Americans each year. The virus, like type B, is spread primarily by sexual activity and through tainted blood in transfusions or on addicts' dirty needles. (Hepatitis A is passed along mainly through contaminated foods.) Researchers at Chiron Corp., a biotechnology firm in Emeryville, Calif., that first identified the C virus, have devised a test for the pathogen that can be used to screen the blood supply...
...will be shuttered next month because its current owners were unable to attract any suitable bids during its six weeks on the block. Though the chain was long past its glory years, it finally expired at the hands of George Herscu, an overleveraged Australian corporate raider whose L.J. Hooker Corp. bought B. Altman...
...Nazi labor camp, Herscu immigrated to Australia, made a fortune as a homebuilder and became famous for his flashy style. (His mansion is designed to look like Tara in Gone With the Wind.) He decided that U.S. retailing was a glamorous and growing business, so his Hooker Corp. bought B. Altman and the Bonwit Teller chain, which has grown to 17 stores, for $150 million...