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Dead of injuries was Louisiana Trucker Harold Bracy. Drowned in their car were Luis Zapata and Reginald Fischer, both area residents. Driving abreast was Truck Driver David Pace, hauling a load of empty beer bottles to Hartford and accompanied in the cab by his wife. "I felt my wheels going soft on me," Pace told his father later from a hospital bed. "I screamed to Helen to duck and grab the pillow because we're going down." Eileen Weldon of nearby Darien, driving alone in her car, sailed off into the dark river too and survived. The Paces, seriously...
Volcker must be careful, though, because his actions will ripple through the world economy. Developing countries such as Mexico and Brazil are still staggering under their enormous foreign debt load. If U.S. interest rates rise enough to stall global economic growth, debtor nations could conceivably go into default and trigger a banking crisis. Says William Mason, who heads an investment advisory service in Los Angeles: "An aborted recovery would be not only a national disaster, but an international disaster as well. Volcker understands that...
Like Mexico, Brazil has been wobbling beneath a crushing load of foreign debt. But unlike Mexico, Brazil is increasingly unable to repay its loans, which total some $84 billion. The threat of a Brazilian default on that debt is sending jitters through world financial markets. Last week Federal Reserve Chairman Paul Volcker called together the top executives of New York City's six largest banks, which have loaned Brazil at least $12.7 billion, to review the deteriorating situation. The moneymen at the meeting agreed that the South American country will probably need loans worth at least an additional...
...ambitious pace, coupled with a desire to alleviate the extremely tight work schedule of last year, compelled officials to launch the current work in late March, two full months ahead of last year's schedule. Roger Cayer, who is supervising the construction again this year, cities the increased work load as the prime reason for the early start, despite the accompanying disturbances for students in the spring. But he also acknowledges that last year "we had to sacrifice some quality for time" at the end of the summer, as the College's opening date approached. "We took care...
...began selling Cover Girl cosmetics in supermarkets, drugstores and discount centers rather than department stores. It also successfully went its own way by marketing a Limited number of shades for four basic Cover Girl products: lipstick, nail polish, eye makeup and facial makeup. Noxell's competitors usually load up store shelves with a bewildering array of choices. Noxell's policy allows it to hold down costly inventories. According to a report by Merrill Lynch, "Cover Girl has the fastest inventory turnover at retail of any major cosmetics Line...