Word: digging
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Dates: during 1990-1990
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Overleverage doesn't necessarily lead to the poorhouse. Some companies have been able to dig themselves out. Santa Fe Southern Pacific, which borrowed $4 billion to elude a hostile takeover bid in 1987, managed to repay the debt last March, four years ahead of schedule. The Chicago-based company sold its timber business as well as its pipeline, construction and leasing divisions. Media and entertainment giant Time Warner, which has nearly $11 billion in borrowings, hopes to grow its way out of debt without selling off assets. Says N.J. Nicholas, co-chief executive: "We can live with debt. It only...
Most grandparents, however, dig in and make the best of a difficult situation. Two years ago, after 2 1/2-year-old Mitchell was left in their care, Shirley and Charles Gates of West Waynesville, N.C., reluctantly set aside their plans to buy a camper and spend their retirement hunting and fishing. "When we first got the baby," says Shirley, "it was really hard on me and Paw-paw." They remain angry at their daughter, who, Shirley says, pays no support and rarely visits. But the Gateses have found their grandson a constant joy and challenge. "It's been worth it," says Shirley...
...long ago, Jackson went to Harvard to lecture, and he asked his audience if the university was educating people "to go home, not necessarily where they came from, but to some place where they can dig in and support meaningful things, not just upward mobility." Jackson got no firm answer, nor did he expect one. He carries the question with him wherever he travels to make people think again about what they may have lost and what they really treasure. He seeks a new generation that can find and grasp the "great and priceless privilege" that Dwight Eisenhower, perhaps...
...further escapades of Ayla and her blond boyfriend, Jondalar the toolmaker, are set in the Dordogne, where Auel has been exploring caves and sifting dirt on an archaeological dig. "I found some pieces of flint and a reindeer milk tooth," she says proudly, as she huffs up a path to an Ice Age rock shelter. Far below, a narrow valley is bathed in mist. On a forested bluff, a medieval fortress glows in pale yellow light. "The vegetation was different then," she says. "But I need to know the lay of the land, where the ridges are, where the high...
...enough to swallow her fortune too. The bright starry life-style collapsed by 1972 into a Saturnian world with concentric rings of emotional pain, financial instability and psychological drama. "My mom had the breakdown for the family, and I went into therapy for all of us," says Carrie. To dig their way out of the financial hole, Debbie went back to Broadway, starring in the musical Irene. Carrie played in the chorus behind Mom. By 16 Carrie struck out on her own and went to London to attend the Central School of Speech and Drama for 1 1/2 years...