Word: crashing
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Dates: during 1980-1989
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...divorced from a peculiarly appealing personality, that vision would be very difficult for anyone else to re-create, assuming that any candidate other than Jack Kemp would want to do so. After the Iran-contra scandal, the instances of criminality in the Administration, and, more relevantly, the stock-market crash and that alpine deficit, Reagan's past vision may also have played itself...
...reason for populism's appeal in 1988 is that the economic recovery of the Reagan years has been uneven. The October crash followed a long period of Washington scandals and Wall Street abuses that heightened animosities toward big shots of all varieties. In a comprehensive survey, the Times-Mirror Co. found 77% agreeing with the statement "There is too much power concentrated in . . . a few big companies...
...Congress refuses to go along, since the reform would strip power from the Legislative Branch and hand it to the Executive. But recent events have conspired to give the idea some weight. The Oct. 19 stock-market crash shocked Washington into the realization that the U.S. economy will not be able to endure continuing federal deficits of $170 billion or more. Then Government's budget "summiteers," after much agonizing, produced a puny two-year, $76 billion deficit reduction package. Just before Christmas, Congress presented the President with a $603.9 billion spending bill for fiscal year 1988. The 2,100-page...
...bought by women under 30 (vs. about 25% ; ten years ago), a trend that retailers are doing everything they can to encourage. Fur sales have gone up roughly 10% annually since 1977, reaching an all-time high of almost $2 billion last year -- this despite the October stock-market crash that many feared would hurt luxury sales. But then, a fur is no longer a luxury, notes Sandra Blye of the American Fur Industry association. "It's a life-style item...
Bloom's lawyer, Peter Morrison, did not deny the charges, but offered a novel defense. Had Bloom actually put his customers' money into stocks, suggested Morrison, they might be getting less of it back because of the Oct. 19 market crash. So putting investors' money into art and real estate may have been a wise strategy...