Word: bond
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Dates: during 1980-1989
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Most experts would consider that charge hyperbolic if not downright false. Still, the change at the Fed was unsettling enough to cause considerable zigzagging in world financial markets. Within minutes of Reagan's announcement, the Dow Jones average of 30 industrial stocks dropped 22 points, and bond prices suffered their worst one-day drubbing in more than five years. But the Dow bounced back by 42.47 the next day and closed on Friday at 2326.15, up 34.58 points for the week, while bond prices also recovered much of their loss. In Tokyo the U.S. dollar, which has lost about...
Rumors of what Citicorp Chairman John Reed was about to say had already roiled stock and bond markets last week as the trim executive stepped up onto a rostrum in Manhattan. Soon the confirmation flashed around the world: the largest U.S. bank (1986 assets: $196.1 billion) had made an almost heretical break with the U.S. financial community's long-standing practices in handling its crushing burden of $62 billion in Third World debt. Reed declared that Citicorp intends to set aside, effective immediately, no less than $3 billion in additional reserves to cover loan losses on its $133 billion portfolio...
...mayor, who contends that he has "never even seen cocaine except in the movies," rejected suggestions by his lawyer, Griffin Bell, Carter's former Attorney General, that he plead the Fifth Amendment lest the grand jury prove a political trap. Young and Bond, who also denied using coke, are prominent black Democrats, and they are eager to clear up the matter well before their party holds its national convention in Atlanta next year...
...much of it suspension cables a yard thick. From the Marin County headlands to the deck of a sailboat on the bay, the grand old span and its 746-ft. towers appear to be something they are not: floating, delicate, an awesome and ghostly setting appropriate for a James Bond thriller...
...Broadway often thinks of itself as the "regional theater" of New York City. Part of its affinity with the theatrical provinces is financial. Although there are occasional commercial ventures, the off-Broadway scene, like the regionals, tends to be dominated by nonprofit companies sustained through donations. The bond is also aesthetic. The nonprofit troupes usually measure success artistically rather than at the box office and eagerly nurture esoteric work -- chamber musicals, offbeat new plays, quirky revivals...