Word: crash
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Dates: during 1960-1969
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...view of the unemployment situation, the stock market crash, the vanishing gold supply, the faltering economy, and the sorry state of our prestige with our NATO partners, may I inquire: "What's funny...
...reverberations of the Gilbert crash echoed in Europe, where Eddy had borrowed much of the money to underwrite his scheme for seizing control of Celotex. In Zurich, darkly smooth Abdulla Zilkha, 49, an Iraqi-born financier who makes a specialty of lending money to would-be securities buyers on low margins but high interest rates, ruefully admitted that his firm had some $2,000,000 riding on Gilbert. "We won't know about our losses," said Zilkha. "until a post-mortem is made...
...spectacular view of the Hudson. Judging from the first curious-tourist turnout, business should be good. But far from taking this as encouragement to go on to even bigger things. Sheraton President Ernest Henderson, 65, has just canceled $25 million worth of further expansion. His reason: the Wall Street crash...
...Churchill walked away from a plane crash at London's Croydon airport. At 48, he surrendered his appendix to a surgeon's knife and, nine years later in the U.S., lost a decision to a Manhattan taxicab, which knocked him down and broke some Churchillian bones. Since his 70th birthday, the ailments have come thick and fast: a hernia operation in 1947, a stroke in 1953 and, two years ago, a broken bone in his back from a fall in his London home. On that occasion, Churchill celebrated his 86th birthday with cigars and-in place of brandy...
Ever since Wall Street's Blue Monday crash, economic sages ranging from mutual fund managers to Treasury Secretary C. Douglas Dillon have been recalling the late John J. Raskob's half-forgotten rule of thumb (TIME. June 1) that even the stock of a promising company should be priced at no more than 15 times the company's per share earnings. If that ratio held, the warning ran, the Dow-Jones industrial average would have to sink to 540. Last week it fell even farther than that; in five days of almost unbroken decline...