Word: totalling
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Dates: during 1990-1990
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...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 Insurance Corporation, told Congress last week that 1991 is likely to bring the failure of 180 banks with total assets of $70 billion. That would reduce the FDIC fund, which insures bank deposits, from an already weak $9 billion to $4 billion by the end of next year. Seidman urged lawmakers to levy a special $25 billion assessment on banks and raise their insurance premiums to rescue the fund...
Most Outrageous Bonus Just two months before declaring bankruptcy, the investment firm Drexel Burnham Lambert handed out $260 million in bonuses to its employees. Some reaped as much as $10 million. The total was more than twice what the company could have used at the last minute to avoid defaulting on its debts...
What is to be done? Representative Washington has it exactly backward. Forget the crumbs, demand reparations. It is time for a historic compromise: a monetary reparation to blacks for centuries of oppression in return for the total abolition of all programs of racial preference. A one-time cash payment in return for a new era of irrevocable color blindness...
While the left was splintering, the right was organizing to demand a law- and-order crackdown. Some 470 members of the Congress of People's Deputies, or just over a fifth of the total, belong to Soyuz (Union), a diverse grouping of military men, members of the powerful military-industrial complex and ethnic Russians living as minorities in various republics. As the Congress of People's Deputies meeting approached, Soyuz and conservatives generally seemed to be gaining influence with a frustrated Gorbachev. That should have been no surprise. The reformists' strength had always resided in an evanescent popular mood that...
...only 4 million tons of crude oil, compared with the normal 13 million tons. We were also warned that there would be similar proportional reductions in supplies of other raw materials, including cotton. Other members of the bloc would have reacted in a similar fashion. In other words, a total economic blockade awaited us unless we resolved our internal problems...