Word: crash
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Dates: during 1980-1989
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...greater financial rewards than can the most generously salaried worker. An estimated 2 million U.S. men and women are millionaires, and nearly 90% of them earned their fortune by starting their own firm. The small-business boom shows no signs of slowing. Even last October's stock-market crash discouraged start-ups only briefly. Jane Morris, editor of the Venture Capital Journal, reckons that venture funding for new enterprises this year may surpass last year's record of $3.9 billion...
...program trading been tamed? The practice, which many investors suspect of contributing to last October's crash, has at least simmered down. In the first of a series of monthly program-trading reports, the New York Stock Exchange said last week that such transactions during July amounted to only 10.1% of the Big Board's volume. That percentage has declined from a level of 15% to 20% a year ago, according to some estimates...
Since the crash, many legislators have urged a clampdown on program trading, in which large blocks of stocks and futures contracts are simultaneously traded to reap a quick profit from price discrepancies. The Big Board has imposed its own safeguard: a ban on the practice whenever the Dow Jones industrial average falls more than 50 points in one session. But the new study is likely to ease the pressure for more controls. Said Robert Kirby, a Los Angeles money manager who has attacked program trading in the past: "If the numbers stay like this, it may go away...
...crash, which officials immediately labeled suspicious, came at a crucial time for Pakistan and the entire region in which Zia had made himself a major diplomatic player. During his eleven years in power, longer than any other Pakistani head of state, Zia brooked little opposition at home and failed to groom a successor. Last May he summarily dismissed his handpicked civilian government and reestablished one-man rule, thus ensuring a legacy of political disarray. Said Benazir Bhutto, whose Pakistan People's Party has led recent agitation to restore civilian rule: "I do not regret the death...
...victim of a head-on car crash lay speechless in a Los Angeles hospital. On the 21st day of silence, the neurosurgeon tried a desperate measure: "How are you feeling today, Bugs Bunny?" he asked. The reply was immediate: "Eh, just fine, Doc. How're you?" A question to Porky Pig ) elicited a similar response: "Just f-fine, th-th-thanks!" In his otherwise light-headed autobiography, Mel Blanc recalls, "It was as though Bugs and Porky, into whom I had breathed life three decades earlier, were returning the favor...