Word: pooling
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Dates: during 1990-1990
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Nuclear weapons have made war harder to justify as the conduct of politics by other means. To the extent that countries are deprived of the option of getting their way by force, they are gradually more willing to pool some of their sovereignty in organizations like the European Community. Two further inducements in that direction have been the salutary phenomenon of economic interdependence and the ominous one of ecological despoliation on a scale too daunting for any nation to handle on its own. The United Nations, however imperfect and maligned as an institution, is a powerful and promising idea...
Among corporate raiders, Coniston Partners was the ultimate upstart. Some of its targets had barely even heard of Coniston until it was too late. The firm's runs against such companies as Gillette and the Allegis travel conglomerate brought returns of more than 40% to the small pool of investors who put a minimum of $5 million apiece into Coniston's funds. But as raiding went out of fashion, the firm's success began to wane. Last week Coniston said it would disband the $700 million pool that funded its takeover bids and proxy fights. But partners Keith Gollust, Paul...
...Mexicans reply that they keep only cars used by drug dealers and point out that the U.S. also confiscates vehicles used in smuggling. That is not quite good enough for San Diego Congressman Duncan Hunter, who wants an outside inspection of every auto in Mexico's federal police motor pool...
...surely there must be a potential class action on behalf of writers, charging Turow with monopolistic practices over the pool of money available for new books. Presumed Innocent racked up several records. Farrar, Straus & Giroux paid Turow $200,000, the most the publisher had ever advanced for a first novel. A paperback sale of $3 million followed, another first-novel first. Then came a million dollars more from Hollywood, and royalties from the 18 foreign-language editions of the novel are still rolling in. Neither Turow nor FS&G will disclose the financial arrangements surrounding The Burden of Proof; what...
...stake is the dwindling pool of independent scientists and doctors," Bourke says. "Shall we entrust it to Harvard's anonymous and directionless committees? The prospect is Reaganesque...