Word: crashing
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Dates: during 1970-1979
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Whitney was the responsible executive of the Exchange when the Market crashed in September 1929, and he quickly took the role of the Exchange's chief public spokesman. It was Whitney who walked out onto the Exchange floor the morning after Black Thursday and placed the most famous order in Exchange history, "205 for Steel," a half-hearted attempt by the big banks to put a floor under the Market. It was Whitney who, in the years after the Crash, bore the chief brunt of the Congressional investigations into stock market practices. As he grew more and more ultraconservative...
...also instructive to remember that, in the end, Whitney got sent to jail not for any of the shady speculative devices he sanctioned as President of the Exchange during the early thirties, which may have ruined nearly as many small investors as the Great Crash itself, but for stealing money from the New York Yacht Club. The closed circle of the financial elite were willing to forgive Whitney almost anything but stealing from the Yacht Club meant Sing Sing and an end to his membership on Harvard's Ec department Visiting Committee...
...about us people are rushing to the far side of the track. Apparently there has been a crash. Huge volumes of black, grimy smoke pouring towards us have caused the drivers to slow up on the track. The source, however, is the bog. Stranded in the middle of the mob is the charred hulk of a 40-seat Greyhound bus, bursting like popcorn as the children stone it. The burning continues through the Oldtimers' Race, a special side event this afternoon. Spinning clods of mud in the waning light, the motorcycles continue their catatonic sorties through the now near-solid...
...Masai herdsmen looked on in horror, the inevitable finally occurred last week: the first fatal crash of a Boeing 747 jumbo jet. Seconds after takeoff from Nairobi, Lufthansa Flight LH 540 en route to Johannesburg shuddered violently, then sank tail first from an altitude of less than 200 ft. Lufthansa reported that for reasons still not clear, the leading-edge wing flaps were not in the extended position after takeoff. Thus, the aircraft did not have enough wing lift to climb...
...commercial service. Since the jumbo jet began flying almost five years ago, it has carried 75 million passengers a total of 193 billion passenger miles. By comparison, the smaller Boeing 707 flew 1.5 billion such miles before suffering its first crash in which passengers were killed. Other commercial planes, while extremely safe, also have not done quite so well as the 747. Even with the Nairobi tragedy, it still holds the most impressive safety record in aviation history...