Word: patches
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...some critics demand is prohibitively expensive for clients and, at times, beyond the purview of C.P.A.s. Accounting executives contend that corporate auditors must be hypercautious in issuing statements that could affect the survival of individual corporations. Asks a Big Eight C.P.A.: "What company has not gone through a bad patch, yet survived to make profits...
...test plants to overwhelm the natural variety. But the release into the environment of any genetically engineered microbes in those days required the nod of the National Institutes of Health recombinant-DNA committee,* which in 1983 approved the Berkeley scientists' proposal to conduct their test at a tiny potato patch near the city of Tulelake in Northern California...
...ministers of OPEC, along with delegates from five other producing countries, met late last month in Geneva in an attempt to patch together an agreement for sopping up the glut. The nine-day marathon session degenerated into what one delegate called "a state of unprecedented disarray." Even the meeting quarters seemed a mockery of the group's onetime ability to intimidate the industrial powers. Because most of the Hotel Inter-Continental was already booked, the ministers had to cram into a tiny conference room for their meeting...
...recent weeks, though, bad loans in the U.S. oil patch have joined the long-standing Mexican problem at the top of bankers' worry lists. Energy loans gone sour have already forced the federal bailout of one major U.S. bank, Continental Illinois, in 1984, and the latest surge of bankruptcies in the energy belt could at least cause some smaller institutions to collapse. The top U.S. banks have an estimated $40 billion in oil and natural gas loans on their books, and more than half of the money has been lent to vulnerable small companies...
...Board and the Federal Deposit Insurance Corporation--said last week that they plan to ask Congress to relax laws that prohibit interstate banking. Reason: the regulators have begun preparing contingency rescue plans in which several big-city banks would stand ready to take over faltering institutions in the oil patch...