Word: generally
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Dates: during 1980-1989
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There's nothing like teaming up with a $100 billion company to improve one's prospects. Or so Swedish automaker Saab-Scania AB hopes. Saab last week agreed to sell General Motors a 50% interest in its car-making operations, which had 1988 sales of $2.6 billion, for some $600 million, plus a promise that GM will invest another $100 million. Saab, which also makes trucks and aircraft, will spin the auto holdings into a subsidiary to carry out the deal...
Colombians greeted the news of Rodriguez Gacha's death by rejoicing in the streets. As for the government, the hit on Rodriguez Gacha was a significant victory, but the war continues, especially with Escobar still at large. Warns General Miguel Gomez Padilla, the national police director: "Remember, these people are even more dangerous when cornered...
...March 1948 report by Dr. Herbert M. Parker, director of the Hanford health instruments department of General Electric Co., which ran the facility for the government, said an average of about 7.4 billion particles was being released from the two plants each month...
...World aid. While no one expects all such programs to fail, bad debts and write-offs are steadily increasing. "Losses from these programs have already cost the taxpayers tens of billions of dollars and have had a significant impact on the federal deficit," warns Charles Bowsher, the U.S. Comptroller General. Adds Michigan Democrat John Dingell, who chairs a House subcommittee on oversight and investigations: "It is as if every man, woman and child in this country each co-signed a personal loan...
...most disturbing fact is that no one knows how severe the problems may be. In a report to Congress last month, the General Accounting Office described the same pattern of sloppy accounting and slack Government supervision that allowed the S&L debacle to go unchecked. Because many agencies kept such poor books, GAO auditors could not even determine how much of the $5 trillion is at risk of default. "The ignorance, incompetence and corruption in many of the Government loan and loan-guarantee programs are appalling," says Dingell...