Word: broads
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Dates: during 1980-1989
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...primarily as a get-them-scared-of-Ronnie exercise. It failed, painfully, to achieve what the President's own staff had said would be its equally essential aim: communicating to all of America a vision of his goals that would lead and inspire the nation. While painting, in broad, strokes rich with hyperbole, a gloomy picture of a Reaganite America, Carter described the Democratic promised land only in vague?or at times excessively technical ?platitudes. Not even the delegates who had nominated him the night before, or the Carter supporters who packed the hall, appeared really moved. Their cheers...
...generous welfare plans, unemployment compensation, Social Security, Medicare, civil rights legislation. Some of the beneficiaries of these programs no longer consider themselves to be Democrats. Says Sol Chaikin, president of the International Ladies Garment Workers' Union: "You have a group that has moved out of the proletariat into the broad middle class...
When the President moved into foreign policy there was a similar inability to view the entire world and calculate actions on a broad strategic canvas. A member of the National Security Council marveled at Carter conducting the discussions about manufacturing and deploying the neutron bomb. "It was out of a high school civics lesson," this man reported. "It was viewed in terms of sovereign countries, a bunch of equals deciding on a policy. It never seemed to occur to Carter that he was the leader and should make the decision in the free world's interest...
...month in Wall Street history; the heaviest was last January, when prices also rose sharply, only to be sent plunging down later when inflation and interest rates climbed into double digits. The hunger for stocks has lifted not only the Dow's lately depressed industrials but also the broad stock averages. Since the end of March, the composite index of the 1,531 common stocks listed on the New York Stock Exchange has risen by 28%, while the yardstick for the 880 firms traded on the American Stock Exchange has climbed...
...last reached on Dec. 31, 1976, when it closed at 1004.65. What is needed to keep the bull market charging ahead? One thing would be investor confidence that there will not be a rerun of the spurt in interest rates that nipped the January boom. Another spur would be broad recognition that stocks remain cheap, especially in comparison with real estate, gold and other assets. Ten years ago, one ounce of gold, then worth $35, would have bought a little more than one share of U.S. Steel, which then was selling at 27; today Steel...