Word: circuit
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Dates: during 1990-1999
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Mortimer describes better Felix's normal habitat when he is not being tried for murder, the circle of literary lions who lunch and speak and tour to promote their books. The formalities of the book-touring circuit seem deliciously droll when dripping from Mortimer's pen, and the occasional appearances of Sandra Tantamount, Felix's chief rival within his publishing house, furnish a comic garnish to a sometimes somber book. Felix's hapless adventures on tour and his constant, futile pursuit of his publicist illuminate Felix's personality even as they entertain...
...then the anxiety in New York was too high to be ignored, and traders began to express concern that a "wall of fear" might start to build on itself. When the Dow dropped 350 points, the first circuit breaker kicked in, around 2:35 p.m., and trading was stopped for 30 minutes. "It was eerie," says an exchange clerk. "I was shocked when I heard the bell stop trading." It was the first time circuit breakers had been triggered since their introduction after the 1987 crash. But the break seemed to unnerve traders. The market reopened to another wave...
...minutes there, around 1 p.m., I found myself saying, Don't worry, the circuit breakers will kick in. That's what we all believed about the never tested market collars designed to let the market--and buyers in particular--catch their breath. Of course, we had never had to use the collars, so who knew? Didn't take long to find out. Traders used these anachronisms, put in when the Dow traded at one-fifth its current valuation, to figure out what to sell. The halt was spooky, flushing sellers from the woodwork when the market reopened. We must have...
...remember in September 1997 when he first met me he proudly showed me a printed circuit board that he had designed in China," Kung wrote in an e-mail...
...drop triggered two circuit breakers on the New York Stock Exchange that had never been set off since they were put in place after the 1987 sell-off. The first circuit breaker, at 350 points, closed the market for 30 minutes. The second, at 550, halted trading...