Word: bad
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Dates: during 1990-1990
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...Persian Gulf. That could push the price of oil, which closed at $25.92 per bbl. last week, well past the $41.40-per-bbl. peak that it hit in October. Another serious threat is the possibility of a crisis in the U.S. banking system, which is awash in bad loans and increasingly reluctant to lend more money. L. William Seidman, chairman of the Federal Deposit Insurance Corporation, told Congress last week that 1991 is likely to bring the failure of 180 banks with total assets of $70 billion. That would reduce the FDIC fund, which insures bank deposits, from an already...
Least Popular Industry, Lifetime Achievement Category Big Oil struck a gusher of bad publicity again. Little more than a year after the Exxon Valdez disaster, the industry got blamed by just about everybody for rising gas and fuel prices in the wake of the Persian Gulf crisis. Oilmen denied any profiteering, but several firms posted huge increases in earnings...
...Pack American Psycho, the latest novel by brat-pack golden boy Bret Easton Ellis, 26, contained detailed descriptions of female mutilations that outraged women staff members at Simon & Schuster, Ellis' publisher. Did that give S&S second thoughts? Nope. But shortly before the book was to hit the stores, bad press notices finally persuaded the firm to scrap the project and forfeit the reported $300,000 advance...
George Bush, an aristocrat who hates to deny crumbs to anyone, vetoed the bill anyway, on the ground that it encouraged racial quotas. But the bill was more than just bad legislation. It was a sign of intellectual bankruptcy in our thinking about race. As race relations worsen, as ethnic divisions harden, as an ex-Nazi pulls nearly as many votes in Louisiana as did the 1988 Democratic presidential candidate, the country has run out of ideas...
BUSINESS: How bad will the recession...