Word: crash
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Dates: during 1980-1989
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...negotiated for himself $5 million in severance pay and a $360,000 annual pension. Protesters stormed the bank's Tel Aviv headquarters. A prime reason for the anger was that Japhet had been forced to step down last year when a government commission criticized his role in the 1983 crash of the value of Israeli bank stocks. As public indignation mounted last week, the bank's board of directors voted to suspend Japhet's "golden handshake." A review of the affair has begun, but few observers expect that Japhet will regain his benefit package...
...other hand, no less a figure than Liberal Economist John Kenneth Galbraith, writing in the January Atlantic Monthly, warns of parallels between the current breathtaking stock-market expansion and the pre-Crash era of 1929. Maintains Galbraith: "The question now, in the winter of 1987, is whether the stock market is or has been repeating its history . . . The wise, though for most the improbable course, is to assume the worst...
...Sept. 23, 1985, a Henson Airlines Beech commuter plane missed Shenandoah Valley Airport in Virginia by six miles as it tried to land through clouds and fog. The crash killed the two crew members and all twelve passengers. The NTSB investigation blamed navigational errors by the crew. But it cited a list of contributing factors: the cockpit was so noisy that the captain and first officer had either to shout or to use hand signals to communicate; both were relatively inexperienced; and Henson's training in its aircraft, which have differing instrument layouts, was inadequate. The crew members...
...crash at Reno of a Galaxy Airlines Electra that killed 70 people, many of them fans returning to Minneapolis from the 1985 Super Bowl game in San Francisco, turned out to be a horror story of multiple mistakes. NTSB investigators found that on the ground at Reno, the headsets between the ground supervisor and the cockpit did not work, so hand signals were used. After the pilot started two engines, a ground handler discovered that she could not disconnect an air hose used in the starts. The supervisor began frantically signaling the pilots to stop so the hose could...
...Aeromexico DC-9 and the Piper Cherokee Archer that collided in midair over Cerritos, Calif., last August should have been visible to each other for at least a minute before the crash, experts believe. One if not both of the pilots probably saw the other plane coming. That chilling fact confirms what experienced flyers already know: simply spotting an oncoming plane is not enough to avoid it. The pilot must then gauge whether the other craft's speed and bearing pose a threat. In crowded airspace, the risk of error is high...