Word: though
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Dates: during 1980-1989
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...reputation for quality and gentility, is going out of business. Six of Altman's seven stores, situated mostly in New York, Pennsylvania and New Jersey, will be shuttered next month because its current owners were unable to attract any suitable bids during its six weeks on the block. Though the chain was long past its glory years, it finally expired at the hands of George Herscu, an overleveraged Australian corporate raider whose L.J. Hooker Corp. bought B. Altman...
...beginning of this year, though, Herscu found himself in serious trouble. Hit by rising interest rates in Australia and declining retail sales in the U.S., the 61-year-old empire builder did not have enough cash to weather the slowdown. By August, Hooker's U.S. subsidiary filed for bankruptcy, and Herscu resigned as chief executive...
...voters backed a proposal to abolish the military. The results shocked the country's political and military establishment. Few expected the measure to garner more than 25% of the tally. President Jean- Pascal Delamuraz once called the initiative "an idiocy as big as the Matterhorn." Swiss voters, though, viewed the issue with great seriousness: 68.6% of them turned out, more than have shown up for any other of the < country's incessant referendums in the past 15 years. The army will remain, but it has been sharply shaken and irrevocably affected...
...many mutineers surrendered, others scattered throughout the metropolis, taking over three luxury hotels and holding positions against air and ground attacks near the Defense Department headquarters of Camp Aguinaldo. Declared Aquino: "We leave them two choices -- surrender or die." The rebels' reply: "We will fight to the end. Resign." Though the government insisted that the back of the mutiny had been broken, fierce and protracted fighting continued through the weekend. Camp Aguinaldo was set ablaze by rebel howitzers. The week's toll: at least 46 dead and 200 hurt...
...price paid for saving Philippine democracy, however, could one day doom it. The political situation is a shambles. A drive to win new foreign investment is now likely to be aborted. Worst of all, though U.S. jets may have flown the colors of liberty, their intervention was a psychological blow to the Filipinos...