Word: crashing
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Dates: during 1980-1989
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...Maynard Keynes warned that "when the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill- done." His comments were a reminder of the speculative frenzy of the Roaring Twenties, which led, soon enough, to the Great Crash of Oct. 28, 1929. Last week, as the 57th anniversary of that dire event rolled around, new voices raised similar cautions. Said Robert Reich, a lecturer in public policy at Harvard's John F. Kennedy School of Government: "In America, industry has become the plaything of finance." Banker Felix Rohatyn...
Have you ever been to a Valium picnic? Or been guilty of scoodling? Or yearned for warm fuzzies? If those terms are totally bewildering, you may want to take a crash course in "biz speak," the increasingly colorful, and sometimes off-color, language of the business world. The vivid vocabulary that bounces around corporate corridors has been collected and codified by Journalist Rachel S. Epstein and Nina Liebman, an industrial-development specialist for the New York State department of commerce, in their new book Biz Speak: A Dictionary of Business Terms, Slang and Jargon (Franklin Watts; $17.95). This handy compendium...
...fact, there was little evidence of any South African involvement in the crash. The accident occurred as Machel was returning from a Zambian summit meeting of so-called frontline black African states located near South Africa. Machel's official plane, a Soviet-made Tupolev 134-B, took off with 44 people aboard, including a Soviet crew of five. It refueled in Lusaka, then flew across Zimbabwe and headed south toward the Mozambique capital of Maputo. Violent thunderstorms were hitting the area, and visibility was poor. Near the South African town of Komatipoort, the Soviet pilot announced he had Maputo airport...
South African officials, however, call claims of sabotage absurd, and permitted Mozambican officials across the border immediately to examine the wreckage and remove Machel's body. Mozambicans, international civil aviation experts and Soviet experts will all take part in an investigation of the crash by the South African Department of Civil Aviation...
...angry tone of the congressional hearing underscored the deepening mystery surrounding the downed Fairchild C-123K transport, which was carrying tons of arms and supplies to the contra rebels for their simmering U.S.-backed war with the Marxist-oriented Sandinistas. The jungle plane crash cast tantalizing light over the shadowy world of U.S. gunrunners in Central America -- and raised serious questions about the extent and legality of U.S. involvement there...