Word: bloodbath
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...process is called a "correction," which makes it sound like a painless, orderly affair. But last week's bloodbath on Wall Street was more aptly dubbed an "October massacre." Turmoil and outright fear shook the financial markets as stampeding hordes of investors got caught up in a mood that had been almost absent during the go-go 1980s: bearishness. Over the course of less than two months, in the worst setback since the bull market began five years ago, the value of U.S. stocks has plunged by nearly half a trillion dollars...
...transports belatedly began ferrying minesweeping helicopters from Norfolk, Va. A Navy helicopter trying to land on the command ship of the task force crashed, with four Americans presumed dead. And the whole region was on edge in the wake of a protest by Iranian pilgrims that turned into a bloodbath in the Saudi Arabian holy city of Mecca. The week's events reminded a twitchy U.S. of the very real risks that come with flying the flag in far-flung corners of the world...
...constitution, took control of the electoral process. Although Namphy reversed his action, the response did not quell public furor. The general has only made matters worse by retreating into silence. Says a Haitian historian: "Unless Namphy comes to his senses and opens a dialogue, there could be a bloodbath." Now it is up to Namphy to decide whether he will lead Haitians to the polls -- or to civil...
...face a shrinking share of the roughly $1.9 billion global robotics market. Reason: Japanese competitors have gained a strong edge in the field and appear likely to continue their domination. Says Michael Cronin, president of Automatix, a Massachusetts-based robotmaker that lost $7.8 million last year: "It's a bloodbath out there...
...South Korea, rioters in the southwestern city of 700,000 took to the streets, overran ill-prepared police and seized virtually all public buildings. In response, the government mobilized a division of front-line army troops and ordered a military attack against the rebelling civilians. The result was a bloodbath that left nearly 200 people dead. Ever since, the Kwangju massacre has been associated with a group of hard-line generals, including Chun, who took national power a few months later...