Word: currently
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Dates: during 1990-1990
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...with Chrysler chairman Lee Iacocca earlier this month and professed support for the company's management but refused to sign a "standstill" agreement to stop increasing his stake, a Chrysler spokesman disclosed. Girding for a possible takeover bid, Chrysler has strengthened its poison-pill defense plan, which will allow current stockholders to buy shares at below- market prices if any investor acquires a stake of 10% or more...
...billion" from the crisis by stepping up oil production and selling crude at higher prices. Other estimates run up to $50 billion a year. Western diplomats in Riyadh assert, however, that such calculations assume a price of $30 per bbl. maintained for a full year and that current prices are well below that. They estimate the Saudi windfall at $8 billion to $10 billion during the first five months of the crisis, which would project to $19 billion to $24 billion a year...
...heart of the debate is a simple and well-understood physical phenomenon: when an electric current passes through a wire, it generates an electromagnetic field that exerts forces on surrounding objects. For many years, scientists dismissed any suggestion that such forces might be harmful, primarily because they are so extraordinarily weak. The ELF magnetic field generated by a video terminal measures only a few milligauss, or about one- hundredth the strength of the earth's own magnetic field. The electric fields surrounding a power line can be as high as 10 kilovolts per meter, but the corresponding field induced...
...current projects are only the beginning. "The real potential lies farther and deeper offshore," says Roger Abel, Conoco's general manager for production engineering. "The big easies have all been found." Shell is investing $1.3 billion to build and install a tension-leg platform some 411 km (255 miles) southeast of Houston that will retrieve oil from a world-record depth of 872 m (2,860 ft.). Called Auger, the giant is scheduled to begin producing from 32 wells in 1993. Shell has also drilled an exploratory well at a 2,300-m (7,500-ft.) depth, and Mobil...
Webster warned that it would take longer, however, before the Iraqi military started feeling squeezed. Given the static defensive posture of Saddam's air and ground forces, which reduces wear and tear on equipment, they could probably maintain their current level of readiness for nine months at least. After that, however, the unavailability of spare parts would start to tell, especially for Iraq's high-tech air force. Webster predicted that by as early as next March, Baghdad would have to reduce reconnaissance and training flights by its fleet of French- and Soviet-made aircraft. The departure of foreign technicians...