Word: bustingly
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What may deal the Hunt fortune a fatal blow is the fallout from the brothers' role in the great silver-price boom and bust of 1980. Thousands of investors who lost money in the debacle are suing the Hunts. On Saturday the brothers lost a civil case that could set an ominous precedent. A six-member federal jury in New York City found that the Hunts conspired to corner the silver market, and held them liable to pay $63 million in damages to Minpeco, a Peruvian mineral-marketing company that suffered heavy losses in the silver crash. Under federal antitrust...
...explosive growth worries some Western financial experts, who fear the boom could go bust. If that happened, investors with heavy losses in Tokyo could be forced to pull money out of other markets, triggering another crash. Japanese stocks are already trading at astronomical prices in comparison with the profits of the companies that issued the shares, at least by American standards. On the New York Stock Exchange, such price-earnings ratios run about 15 to 1, while in Tokyo the multiples are often four times as high. Nippon Telegraph & Telephone trades at 158 times its earnings. "Japanese authorities have allowed...
...main cause of the shortage is the baby bust. The low birthrates of the late 1960s and early 1970s mean that there are fewer teenagers and college-age students available today to take on the tedious service-industry tasks of chopping vegetables for salad bars, flipping hamburgers or feeding insurance claims into a computer. Twelve years ago, when Bill and Sydna Zeliff bought their Christmas Farm Inn in Jackson, N.H., they could choose among six candidates for each opening. Now, says Sydna, "we hire almost anyone...
...trying to promote. "We are emerging from the economy of the industrial revolution, an economy confined to and limited by the earth's physical resources" into a new type of postindustrial economy in which the "freedom to create is the most precious natural resource," he said as Lenin's bust beamed down on the crowd...
Still reeling from the oil bust, financially strapped Texas cities are tapping revenue from a lucrative but neglected source: unpaid traffic tickets. Houston may reap more than $1 million this year by using the "Denver Boot," a device that immobilizes cars whose owners have three or more delinquent tickets. In Dallas the payment of nearly 140,000 fines could bring $18 million to its coffers, and a telecomputer is dunning scofflaws at a rate of 150 calls an hour...