Word: blitz
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...over the initial trauma of Black Monday, they were calling up to reverse their redemptions." Michael Lipper, president of Lipper Analytical Securities, is not quite so confident. "The panic is over," he says, "but the jury is still out on the comfort factor." Fund companies have already launched a blitz of upbeat ads and letters to shareholders in an effort to convince customers that mutual funds are still a safe and lucrative alternative to the savings account -- or the mattress...
...crash posed a substantial challenge for the lame-duck government of Prime Minister Yasuhiro Nakasone, who hands over power on Nov. 6 to his successor, Noboru Takeshita. Following Monday's precipitous slump, the Japanese Finance Ministry quietly pressured major trust funds and insurance companies to begin a stock-buying blitz. Most complied, says Economist Kinji Yajima, because "management knows well enough that to ignore such requests is to ask for lots of trouble...
...revenge. The U.S. was responding to Iranian Silkworm missile strikes on the oil tankers Sungari and Sea Isle City two weeks ago. The Sungari is U.S.-owned, and the Sea Isle City is one of eleven Kuwaiti tankers now flying the American flag. President Reagan called the 85-minute blitz of the oil platforms a "prudent yet restrained response" to Iranian aggression. Secretary of Defense Caspar Weinberger told a press briefing after the Navy action, "We consider the matter closed...
Harvard kicked off and Brown put together a little drive with a number of first downs. The key play came when a Harvard blitz was picked up and Donovan found a receiver down at the Harvard...
...smiling face in the newspaper ad for a nationwide chain of vocational schools. Rarely has such an ordinary pitch received so much attention, but then this was no ordinary pitchman: it was Presidential Hopeful Jesse Jackson. The message, self-improvement through education, was vintage Jackson. The medium was a blitz of commercial advertisements for which Jackson was to receive an undisclosed payment...