Word: setbacks
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...Until next time"--the phrase conjured a specter of success, a shadow of eventual secession to observers across Canada. In Levesque's deeply-set eyes Tuesday night, you could detect both shattering disappointment and tenacious optimism. The self-styled Lenin of the Quebec "revolution" viewed the setback as severe, but stressed that the verdict is still out. "The ball is in the federalists' court," he said in French, words received by his supporters with a chorus of catcalls. The loss in the plebiscite was a watershed; but it did not, to quote Churchill, mark the beginning...
...declared the Ayatullah Ruhollah Khomeini last week in response to what almost any other nation would have considered a jolting setback. The President of the U.S. had just imposed historic diplomatic and economic sanctions on Iran, including the expulsion of 35 Iranian diplomats, and had asked American allies to join in isolating Khomeini's government. But in turbulent Iran, where the U.S. and its President are routinely denounced as "Satan," surrealism reigns, and any clash with Americans has become a cause for jubilation. All week long, Muslim leaders whipped up an emotional frenzy against the U.S., reaching an even...
Nelson Bunker Hunt is lying low these days, which is not easy for the 275 Ib. Croesus, whose silver market setback last month triggered Wall Street's worst panic in nearly two decades. Hunt had tried to corner silver and been badly squeezed, when prices plummeted from $21.50 per oz. to $10.20 in less than four days. Early last week Hunt was tucking into a steak dinner in the Rib Room of London's Carlton Tower hotel when a Merrill Lynch customer's man seated near by spotted him. After Hunt had returned to his room...
When two of the three men offered tenured positions in the Afro-American Studies Department (AASD) rejected the appointments last week, the University's hopes to build a strong department suffered a serious setback...
...some firms, though, the Olympic boycott may mean more than just a temporary setback and the ruination of an expected sales bonanza. Levi Strauss's negotiations to build a blue-jean plant in the Soviet Union could be damaged by the boycott. Coca-Cola saw the Olympics as its first major penetration of the Soviet market, which Pepsi-Cola so far has cornered. The company had already sent Moscow large supplies of the concentrated Coke syrup. But last week Chairman J. Paul Austin told his old friend and fellow Georgian Jimmy Carter that the company would abide...