Word: aug
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Dates: during 1990-1999
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...From New England computer makers to California missile builders, many industries that boomed in the go-go '80s have slumped in the slo-mo '90s. But the sudden spurt in the cost of crude oil brought on by Iraq's invasion of Kuwait -- from about $20 per bbl. on Aug. 1 to a high of more than $28 per bbl. last week -- threatened to turn an already painful slowdown into a full-blown recession. Says Richard Bermer, an economist for Salomon Brothers: "The question is no longer whether there will be a recession but how deep it will...
...recently as July 16, the Dow had climbed to an all- time high of 2999.75. In Japan, which is almost wholly dependent on foreign oil, the Nikkei Index of 225 stocks closed Friday at 27,329.55, down 7.4% for the week and 11.4% since Iraq invaded Kuwait on Aug...
...page. Departure for drama's sake can suggest that what's onscreen came solely from a script. Those perils are present in 90-minute video anthologies -- something of an endangered species these days, like westerns -- that HBO and Showtime coincidentally offer for late-summer viewing. (Both debut Aug. 19.) Differently flawed, they nonetheless make for more satisfactory evenings than network reruns...
...message to Washington journalists, the Japanese embassy spokesman mused, "I'm sure that most cities experience an August 'slump,' when . . . things get rather quiet. This is especially true of Washington." The letter was dated Aug. 3, two days after the Iraqi invasion of Kuwait...
...stock bouncing as high as 290 and as low as 53. The collapse of a $6.8 billion buyout attempt last October triggered a stock- market minicrash. In April, United's board tentatively accepted a $4.4 billion deal proposed by the airline's employees. But last week, as an Aug. 9 financing deadline approached, several major banks withdrew from talks with United's would-be owners. One apparent concern: the ability of the employees to handle the huge debt involved. As the banks stepped back, United's stock , fell 41 a share to close the week at 122. "The main problem...