Word: crashing
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Dates: during 1980-1989
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...Report of the - President issued two weeks ago, which was prepared under the direction of Beryl Sprinkel, chairman of the Council of Economic Advisers. The report contends that overly tight Fed policies resulting in a rise in interest rates last year were partly responsible for the October stock-market crash...
...They'll come right at us," Harvard Associate Coach Ronn Tomassoni said. "They're very aggressive. They'll crash their defense...
...designed to be used only when the shuttle is flying more or less level, at altitudes of up to 20,000 ft. -- well inside the earth's atmosphere. That might do some good in a mission aborted before going into orbit, or in the case of an anticipated crash landing. However, says ex-Shuttle Astronaut Donald Peterson, "it's like putting an emergency escape system in a car -- but you have to be driving between 29 and 33 m.p.h., at night, on an empty road." Needless to say, neither system would have helped the Challenger crew...
Ruder chose his moment well. A day earlier, the SEC released a 900-page investigation of October's crash that provided the most detailed account yet of how trading in stock-index futures turned what might have been just a bad day on Wall Street into a debacle of historic proportions. The SEC identified at least three critical moments on Black Monday when futures-related program trading accounted for more than 60% of the volume on the Big Board, as traders caught with plummeting futures contracts rushed to sell the underlying stocks. At the height of the crash...
...pecking order will not imply a lapse of national drive or purpose: "It simply has not been given to any one society to remain permanently ahead of all the others." Furthermore, enlightened leadership should be able to detect changing realities and thus prevent a slide from turning into a crash: "The only serious threat to the real interests of the United States can come from a failure to adjust sensibly to the newer world order." Not everyone will welcome or accept Kennedy's bittersweet verdict that the U.S. may become healthier in the long run by accepting its diminishing status...