Word: cushions
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Dates: during 1980-1989
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...second term, Thatcher will face first a leveling off, and then a decline, of North Sea oil revenues after some fields begin to go dry. This will mean that the Conservative government will no longer be able to count on the oil cushion that has so far helped it to soften the harsher effects of the recession. With inflation down, Thatcher is expected to take more risks to protect the recovery. To improve British competitiveness in world markets, Brittan expected the government to encourage a fall in interest rates, as it did last week, in order to slow the rise...
Anderson collected these memories as University Marshal--concierge to Harvard Yard--from 1964 until Commencement last year, when he was replaced by Richard Hunt. Now, in his retirement, Anderson sits in his lovely cream-colored home filled with second-career souvenirs, such as a crocheted chair cushion and hand-painted mirror depicting the small mustard Yard House, and waxes poetical about his tenure as a Harvard administrator. "It was a joyous experience. I had a great deal of fun." Anderson can travel the world over, encounter familiar and friendly faces in almost any part, and get a martini. "This...
...have a major stake in the ongoing energy slump. Many loaned heavily to oil and gas firms while prices were rising, and are now awash in bad debts. Nonperforming assets at Dallas-based InterFirst Corp. equaled a full 35% of equity capital-which can be thought of as its cushion against losses-at the end of last year. Oil-and gas-related loans in total came to 252% of equity. The largest bank holding company in Texas, Inter-First, said its earnings fell about one-third during the first quarter. In Houston, Southwest Bancshares expects a 40% first-quarter profit...
...loans amount to nearly 8% of Seafirst's $10 billion in total assets; the banking industry average is about 3%. What is more, the loans exceed by 7% the sum of the bank's shareholders' equity and loss reserves, which can be thought of as its cushion against disaster...
...first half in which the only thing tighter than the score was the players themselves, Crimson Coach Frank McLaughlin brought his team out in an aggressive man-to-man defense. Center Monroe Trout tallied six points as the cagers mounted an 8-2 rally to nab a five-point cushion, the biggest either team had enjoyed all game...