Word: augustness
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Dates: during 1980-1989
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Prospects have brightened in Pakistan and Mexico. Haji Mirza Iqbal Baig, described as a heroin kingpin, surrendered to Pakistani police in early August; they hope he will help convict other powerful smugglers. In Mexico President Carlos Salinas de Gortari is prosecuting some formerly untouchable drug lords and officials, notably Jose Antonio Zorrilla Perez, the feared former chief of the Federal Security Directorate. But the State Department and the DEA are split over what to do about Cuba. State officials dismiss the executions of General Arnaldo Ochoa Sanchez and three other officers, allegedly for drug trafficking, as being really intended...
These are the good vibrations of August: soak up some rays on the beach, sip a brew or two and slap a volleyball over a net. A few years ago, Los Angeles beach boys thought it was cool if they were given a couple of six-packs for winning a beach-volleyball tournament. But times have changed. Last year Sinjin Smith, 32, beach-volleyball's top professional, earned nearly $135,000 for a season of bumping, setting and spiking out there on the sand, and he may do even better this year. Predicts Christopher Marlowe, an ESPN sports commentator...
...gather to praise the forgettable comedy. Some movies can be faulted for nothing but low ambition. They aim not for the Academy Award. They disdain the zillion-dollar gross. Not for them a double-domed debate on the op-ed page. But some sweltering August evening, they afford easy wit, engaging performances and, for moviegoers, the satisfaction of 90 minutes well wasted...
...conflicts that Hitler would eventually exploit. In 1923 the Germans stalled on their reparations payments and the French seized the industrial Ruhr to compel payment. The German mark, declining ever since the war, began plunging: 7,000 to the dollar in January, 160,000 in July, 1 million in August. A kind of madness swept the country. People carried suitcases of money to a store to buy a sausage. And the mark kept falling, to an all-time low of 4.2 trillion that November. Everything was for sale, all savings were destroyed, and nothing seemed to have any value...
...been at the back of the thundering herd of market indexes, partly because it is made up of blue-chip issues favored by relatively conservative investors. Broader market indexes including Standard & Poor's 500 and the Wilshire 5,000 had already reached all-time record levels by early August. Says Justin Mamis, chief strategist for the investment firm Cowen & Co.: "All the Dow can do now is put the lipstick on." The allure of stocks is broadening rapidly as more and more investors join the stampede, which is demonstrated by the big increase in the market's volume. The average...