Word: crashing
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Dates: during 1980-1989
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That was big news. Big news elsewhere, though, often doesn't seem quite so pressing in Ellsworth. The October stock-market crash got one sentence last fall; the blueberry industry, a mainstay of the region, got a five-part series. But nothing is read more closely than the court page, a list of everyone caught speeding or driving tipsy or lobstering without a license. "I want to see if any of my buddies are in there," says Carmen Griffin, a waitress at the Pineland Diner on Main Street. It may be a yawn in Portland, Me., but in Ellsworth...
Pistone's dual loyalty to his mission and his family was sorely tested in 1978, when his wife was injured in an automobile crash. Pistone stayed with & her during her eleven days in the hospital and for a week when she returned home. Then he was back on the job, explaining that he had been taking care of a sick girlfriend...
...reducing the federal budget deficit. Without such measures, the Fed may eventually be forced to support the dollar by putting upward pressure on U.S. interest rates. But that step presents a painful election-year dilemma for Fed Chairman Alan Greenspan, particularly in the wake of October's stock crash, since any rise in interest rates might send the U.S. and world economies into a recession...
...case of remarkably appropriate timing, a presidential commission recommends bold regulatory action to prevent a recurrence of Black Monday just as the Dow Jones industrial average falls more than 140 points, its second worst day since the crash. -- On world currency markets, the dollar moves in a startling new direction: upward. -- GM wows 'em at the Waldorf...
...have been during the past two years, by computerized program trading of large blocks of stocks and stock-index futures. The debacle raised anew questions that have been hotly debated since October: Is the new high-tech volatility of stock prices out of control? Are investors vulnerable to a crash at any time if reforms are not undertaken to shore up the market's stability...