Word: per
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Dates: during 1990-1990
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...weaker airlines decided that a merger may help them survive. TWA chairman Carl Icahn, who began pursuing a merger with Pan Am two months ago, finally persuaded the rival carrier to agree tentatively to a deal. Under the terms, TWA would acquire Pan Am for $375 million, or $2.50 per share in cash and securities. The merger, however, depends upon Icahn's ability to provide a bridge loan to help Pan Am cover losses during the low- traffic season after the holidays. One type of financing TWA is considering would require Pan Am, which lost $2 billion in the past...
...warned that the U.S. faces a minefield of unprecedented risks that could worsen the recession and prolong it through next year and beyond. Chief among them is the threat of a drawn-out war in the Persian Gulf. That could push the price of oil, which closed at $25.92 per bbl. last week, well past the $41.40-per-bbl. peak that it hit in October. Another serious threat is the possibility of a crisis in the U.S. banking system, which is awash in bad loans and increasingly reluctant to lend more money. L. William Seidman, chairman of the Federal Deposit...
...supply all the fuel, water and electric needs of the U.S. forces operating there, but how should oil supplied to American troops be valued -- at the price it might fetch if sold on the world market or at Saudi production costs, which may be as low as 50 cents per bbl. of crude? By some estimates, Saudi crisis-related expenses in the first five months have totaled $22 billion, far more than the oil windfall. But these calculations include such items as forgiveness of $4.5 billion in Saudi loans to Egypt, a highly indirect crisis cost...
...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 in human cells will be only about 1 millivolt per meter. This is far less than the electric fields that the cells themselves generate...
...from electromagnetic fields? Compared with some of the other dangers people take for granted -- driving a car on New Year's Eve, for example -- the odds of being afflicted with some of the cancers associated with electromagnetism are rather small. Brain cancer is a rare disease. Only 3.1 cases per 100,000 people were reported in 1986. In the most worrisome studies, the risk of developing such a cancer appears to double or triple because of ELF fields. By contrast, the risk of lung cancer for a chain smoker is 20 times as great as it is for the public...