Word: auge
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Dates: during 1980-1989
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...response to Letter Writer Ilene Matthews [Aug. 16], who "refuses to feel responsible" for the Haitian refugees: these people have come to the U.S. to escape poverty and starvation. Refusing them entry is selfish and racist. We have a moral responsibility to anyone fleeing from such terrible conditions...
...French were clearly spoiling for a showdown. President François Mitterand's government had on Aug. 10 warned the four French-based pipeline suppliers that they would be "requisitioned" if they bowed to U.S. pressure. Last week Dresser-France was told that it would be the first to be taken over because its Soviet contracts called for the earliest delivery of equipment. Complained John James, chairman of the Texas parent firm, which lost an eleventh-hour battle to block...
...immediate consequence of the veto is that funding for military personnel runs out on Aug. 31. "It would be unfortunate in the extreme not to be able to pay the Marines we just sent to Beirut," deadpanned a senior presidential aide. In fact, however, the payroll will be met by a clever but controversial juggling of the books that will postpone the Pentagon's payment of income withholding and Social Security taxes. The White House hopes that when Congress reconvenes, it will pass a revised bill authorizing the requested funds for the military and for Caribbean...
...frenzy has broken records, and then broken them again. After an unprecedented 455 million shares were traded on the New York Stock Exchange in the five days ending Aug. 20, an even more spectacular 550 million shares changed hands last week. Before the current rally, the stock exchange had never had a 100 million-share day. Last week trading volume topped that magic mark four consecutive times. The peak of 138 million shares on Thursday shattered the one-day record of 132.7 million that had been set only eight days earlier. Average daily volume before the current spree had been...
...direction of the surge has been up and down, but mostly up. Since the advance began, ironically on Friday, Aug. 13, the Dow Jones industrial average has gained 106.55 points, to 883.47. Says Greg Smith, director of research for the E.F. Hutton brokerage house: "We think the market has turned and could rise another 25% in the next year...