Word: ares
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Dates: during 1980-1989
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Some safeguards installed in the market after the 1987 crash may have helped cushion last week's fall. In Chicago the Mercantile Exchange twice halted trading in S&P 500 futures contracts, which represent the stocks in the Standard & Poor's 500 index. The automatic cutoffs, or "circuit breakers," slowed...
The controversy over the high price of AIDS drugs is not limited to AZT, the antiviral medication that can cost patients as much as $550 a month. AIDS activists are assailing the high price of pentamidine, a medication that helps prevent a deadly form of pneumonia among people infected with...
Polygram Records, the Dutch-owned music giant, wants to turn up its volume in a big way. Polygram aims to increase its 8% market share in the U.S. by acquiring respected independent firms, which are becoming a rare breed. In August the company paid $300 million to purchase Britain's...
Abroad and at home, challenges are going unmet. Under the shadow of a massive federal deficit that neither political party is willing to confront, a kind of neurosis of accepted limits has taken hold from one end of Pennsylvania Avenue to the other. Whatever the situation -- the unprecedented opportunity to...
Even some Republicans are expressing concern about the paralysis. | Conservative analyst Kevin Phillips described the problem two weeks ago in the Washington Post as "a frightening inability to define and debate America's emerging problems." Last week's 190-point stock market tumble was the immediate result of economic developments...