Word: crashing
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Dates: during 1980-1989
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Poor Wall Street. In a slide that began with the stock-market crash 18 months ago, the get-rich-quick go-go years have faded into memory. No longer do brokerages open branches in every mall or freely lavish six-figure salaries on young talent. Gone are many of the yachts and the black-tie dinners -- along with more than 8% of the 260,000 employees who worked in the U.S. securities industry before the collapse. And despite the cost cutting, a fresh wave of gloom rolled through investment houses last week. Even as the Dow Jones industrial average surged...
...announced corporate acquisitions fell to $76 billion in the first quarter of 1989, down 58% from the comparable period last year. At the same time, intense competition has driven down the commission on stock trades to as little as 4 cents a share, vs. about 8 cents before the crash...
...might whir and buzz and come up with George Bush. As Ambassador to the United Nations, Bush got to know the folkways of the world forum where Gorbachev has been concentrating much of his genius for public diplomacy. As the U.S.'s man in China, Bush had a crash course in Communism and geopolitics. As director of Central Intelligence, he learned what KGB networks and Soviet missile warheads could do to the West on a bad day. As Vice President, he met as many General Secretaries as he helped bury (three...
Four years have passed since Gorbachev launched his crash program to catapult the Soviet economy into the computer age, and the results are just starting to show. Soviet manufacturers cranked out a record 100,000 microcomputers last year, bringing the total number of personal computers to an estimated 200,000. That is a far cry from the 30 million machines Moscow estimates the country can absorb. By all accounts, Gorbachev's electronic- literacy program will fall far short of its ambitious goal of installing a million computers in the schools...
...good job. They can say they're profitable even though they're selling tractors for $2,000 when they should be selling them for $5,000," says Judy Shelton, a research fellow at the Hoover Institution in California and author of a new book titled The Coming Soviet Crash. But Moscow is cautious about letting plants determine prices for fear that the move would spark a burst of inflation and consumer outrage...