Word: crash
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Dates: during 1980-1989
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...possible the work of Franklin Delano Roosevelt. Now, after 59 months of consecutive economic growth in Reagan's Roaring Eighties, trouble arrived, and everyone (even businessmen who hate Government interference) expected Reagan to start sounding like F.D.R. They may even have wanted him to get on television after the crash and say, "The only thing we have to fear is fear itself." Suddenly they wanted activism from a President who has always believed Government should essentially be passive. Reagan's political philosophy does not have a tool with which to repair this kind of breakdown...
...custom a generation ago for people to remark, "Well, we must trust the President in that decision -- he has more information about it than we do." No one says that in the second term of Ronald Reagan. In fact, one unstated anxiety during the stock-market crash was that Reagan would inadvertently say something to make the panic worse...
...then being screamed at by a shrewish mother; a father's leaving home; an overheard neighbors' conversation about a brutal father; being rejected by schoolmates. Hal (all patients' names . in this article are fictitious) is responding quickly to Bergman's constant probing and badgering. "It's like a crash course in therapy -- the emotions come up so quickly," he says. "At the same time, you know you're safe because it's only a play...
...stocks surged so high this year that they were bound to crash, part of the blame belongs to America's relentless band of corporate raiders. As takeover titans battled to outbid one another, the share prices of many target companies -- or companies merely rumored to be targets -- reached unrealistic levels. Now, in the aftermath of Black Monday, the big deals are crumbling, and the raiders are retreating. But for how long? Is this the nadir of the raider, or will sagging stock prices make the targets more irresistible than ever...
...moment, takeovers have become a perilous pursuit. Many deals in progress when the crash hit have been scuttled or are in jeopardy because the original bids seem absurdly high after the drop in stock prices. Dart Group, a retail conglomerate controlled by Washington's Haft family, dropped its $68-a- share bid for the Dayton-Hudson department-store chain when the target company's shares fell to $30. Hong Kong-based Jardine Strategic Holdings called off a $390 million bid to buy a 20% interest in Bear Stearns when shares of the Wall Street firm plummeted from...