Word: ago
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Dates: during 1980-1989
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Three years ago, the McGuanes moved out of Paradise Valley to their current spread near McLeod (pop. 5). In the cozy living room of his log-cabin house, McGuane throws another chunk of cottonwood on the fire as Laurie whips up a pot of hearty chicken soup in the kitchen. His lean, 6-ft. 3-in. frame draped across a wing chair, McGuane exudes the tempered confidence of hard-won experience. While many of his erstwhile drinking partners have fallen by the wayside, he has managed not only to survive but to thrive in his role of gentleman rancher...
...nine months advertising giant Saatchi & Saatchi has admitted that it was enduring a rough year. But when chairman Maurice Saatchi faced investment analysts in the company's luxurious London boardroom two weeks ago, the news was far worse than anyone had feared. After 19 years of uninterrupted growth, Saatchi's pretax profits for 1989 collapsed, dropping from $217 million last year to just $34 million, an 84% decline. After taxes and other provisions were deducted, the world's largest advertising firm reported its first net loss, of $92 million...
...hiring Louis-Dreyfus, the Saatchis have harked back to the skill that transformed their small agency in London's Soho district into an international behemoth: hard-nosed financial know-how. The Iraqi-born brothers convinced London investors a decade ago that the ad business was an intriguing play. The logic of global corporate expansion, they argued, demanded an agency that could provide one-stop shopping for multinational firms interested in advertising and marketing services that stretched from Asia to North America to Europe. Such an agency could help companies build worldwide markets for their brands and could reap extra profits...
...Soviet party leader has had his share of bruises lately. He was apparently so angered by the harsh criticisms he heard at the Central Committee plenum two weeks ago that he threatened to resign. Gorbachev has played this trump card on at least two other occasions to rally support. But this time the conservative onslaught was especially fierce, particularly from Alexander Melnikov, party boss from the Siberian city of Kemerovo, one of the sites of coal-mining strikes that swept the nation last July. In an article in the liberal weekly Moscow News, journalist Danil Granin, who was a guest...
...from a six-man team of adventurers and scientists that reached the South Pole last week after a 3,213-km (1,992-mile) trek across Antarctica by dogsled. The expedition was the first to reach the pole by dogsled since Roald Amundsen beat Robert Scott there 78 years ago. But impressive as the feat is, it marks only the midpoint of an even more ambitious journey: a 6,450-km (4,000-mile) campaign that would be the first dogsled trip across the entire frozen continent...