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...were willing to risk missing a major market rally, a buying panic quickly built up. When the exchange finally closed at 4 p.m., the Dow had risen by a record 38.81 points, to 831.24, on a volume of 92.86 million shares. Exhausted but elated, the traders cheered lustily, tossed confetti into the air and kept the bar at the stock exchange restaurant open until 8 p.m., an hour after its usual closing time. The one-day spurt eclipsed the old mark of 35.34 set on Nov. 1, 1978, when President Carter announced his emergency program to boost the value...

Author: /time Magazine | Title: Oh, What a Beautiful Rally! | 8/30/1982 | See Source »

...state visit, had begun in a festive mood in Lisbon the day before, when the Pope moved through cheering throngs in a vintage Rolls-Royce borrowed from an auto museum for the occasion. By the time the open car reached Lisbon's cathedral, it was inches deep in confetti and flower petals that the crowd had showered on John Paul. Later the Pope met in Belem Palace with Portuguese President Antonio Ramalho Eanes...

Author: /time Magazine | Title: The Papacy: Once Again, with Horror | 5/24/1982 | See Source »

...chapter on Iran, a mere 13 pages, best epitomizes this conciseness. Despite its brevity, the chapter emerges as one of the book's strongest sections. No yellow ribbons are tied or confetti thrown. Instead, the chapter details the events, including C.I.A.-backed activities that sparked a revolution, and assesses its consequences. Mendelsohn and the American Friends Service Committee correctly point out that as far as the Americans were concerned, the revolution represented the loss of their "friend" the Shah. They write. "No major group within the United States (except some Iranian students) supported Iran. The only 'blame' that could...

Author: By Rosalyn E. Jones, | Title: A Peaceful Resolution | 4/12/1982 | See Source »

...collecting an annuity before the night is over. It is just a question of when. The guys next to me are anxious. They have a bet on Hagler in six. One of them has smoked too much dope and is snoring. Somebody is throwing his business cards like confetti: "Tint City." It's a glass company...

Author: By Paul A. Attanasio, | Title: La Nause'e In The Ring | 1/19/1981 | See Source »

Nevertheless, director Josh Milton--blessed with a talented, hyperkinetic cast--manages an enjoyable rendition of Greasepaint. He proves that with enough brass, good cheer, white teeth, and confetti, even the most banal of musical comedies can become pleasing...

Author: By Jacob V. Lamar, | Title: Working-Class Pleasantries | 11/11/1980 | See Source »

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