Word: bulling
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Dates: during 1980-1989
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Soon, Israel's rickety barn was stuffed with salvage. One spring day, his lovesick bull crashed through the barn wall and trampled over months of careful collecting. Says Israel: "So it was goodbye cows, hello salvage." Since 1979, the firm has grown beyond Israel's wildest dreams, allowing him other expensive sidelines. He recently opened a motorcycle shop that reconditions and sells vintage Harley-Davidsons. But fan-shaped stained-glass windows and ornate heat registers remain his central passions and his righteous mission. "If the Rockefellers or the Hearsts saw a library in England they liked, they bought...
...Charlie Sheen in Wall Street) are the ring bearers, the genetically streamlined children, of the new amorality. Bud, in his mid-20s, is learning how to wheel and wheedle; Tom, in his mid-30s, already knows how to ingratiate and conquer. Bud does it with long hours and pit-bull doggedness, Tom with his boyish, passive charisma. Both men might tell you that ideals are as passe as peace marches and that the happening disease, the one everyone wants to catch, is designer greed. So who cares that Bud is a bookie in an Armani suit...
While a person's house is a nest egg, since it can be borrowed against or sold, the huge appreciation of real estate values in the 1970s tended to lull U.S. homeowners into the belief that they did not need financial savings as well. The roaring bull market of the 1980s has also contributed to that attitude by creating a so-called wealth effect in which stockholders feel rich on paper. The catch is that home values and stock prices can fluctuate, often cruelly, even though their growth seems so dependable during some periods. Says John Godfrey, chief economist...
...also emboldened about his ability to compete with the Great Communicator in Washington for the hearts and minds of international public opinion. Said one of his advisers: "The General Secretary decided to take a more active, direct and public role in advancing the process. He resolved to seize the bull by the horns...
Despite the endowment's market losses, Cabotsaid, the increased spending of endowment incomewill not undermine its long-term growth. Becausemore interest-bearing bonds are in the endowmentnow, the fund is generating more interest incomethan it did from stocks in the bull market earlierthis year. "We are better able to finance a higherpayout today than we were October 18," Cabot said,referring to the day before the market free-fall...