Word: scheme
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Federal Government disclosed a sweeping plan to shore up one of the weakest spots in the U.S. financial system: the increasingly insolvent Texas savings and loan industry. Hit first by the oil bust, then a real estate collapse, Texas thrifts lost an estimated $5 billion last year. The salvage scheme proposed by the Federal Home Loan Bank Board will drastically reduce the number of independent Texas thrifts, from 281 to less than 180, by forcing % weak institutions into mergers with stronger ones. Cost of the plan: more than $7 billion over several years. At least $1 billion is expected...
...just as dreamy as Lyubov (Natasha Parry), the estate's spendthrift owner, whom he constantly upbraids for her impracticality. She ignores the impending auction of her home because any available means to "save" it would change and therefore destroy it. When Lopakhin cannot recruit her to his scheme, he plunges ahead, basing his gamble less on business acumen than on a burbling belief in the benefits of universal home ownership...
...increase food prices. Dukakis still clings to his widely ridiculed notion that stricter IRS enforcement would slash $35 billion from the deficit. Dukakis does not want to discuss new taxes, claims Chris Edley, his campaign-issues director, because he fears that they would draw attention from his IRS compliance scheme. Gore is equally vague. All he offers is platitudes and a modest grab bag of $16 billion in minor, last- resort taxes...
...what happened on Oct. 19? Basically the scheme was undone by its own success. When the stock market began to dive, all the portfolio insurers started selling futures at once. As the price of the futures collapsed, the stocks followed suit. That triggered further selling by the portfolio insurers, reinforcing the downward spiral. One of the biggest, Wells Fargo, sold $1.6 billion in futures on Black Monday alone. This was more than the market could absorb. Says Capital's Kirby: "It's like a guy driving into a parking lot with the Queen Mary and asking, 'How come these guys...
Transnuklear, a West German nuclear-waste transport firm, first won notoriety last spring when German authorities started unraveling a scheme in which the firm had smuggled 2,438 barrels of falsely labeled nuclear waste into the country. Last week the firm's name hit the headlines again when a tipster alleged that Transnuklear had shipped fissionable nuclear material from the Nuclear Energy Research Center in Mol, Belgium, to Pakistan and Libya. If true, the action violated an international accord that prohibits the export of materials for making nuclear weapons. More important, the radioactive material would aid Pakistan's advanced efforts...