Word: crashing
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Memories of the great Crash of 1929 prompted considerable anxieties about whether this new bear market would lead once again to a major recession -- or worse. As in 1929, many of the experts declared that the economy was fundamentally strong and predicted better times ahead. But the market recovered only a fraction of its October losses, the record trade deficits continued, and the dollar kept sinking. It was partly a question of public confidence, and the ebullient optimism that had helped to re-elect Reagan now appeared a thing of the past...
...even then production will be cut back by two-thirds. The slowdown is the result of Porsche's overreliance on the American market, which absorbed about 60% of the company's production in 1986. But 1987 sales slowed to a crawl because of the stock-market crash and the decline of the dollar against the West German mark...
While campaign politicking may be a new frontier for seniors, their clout has long been felt in Washington. When congressional and Administration budget negotiators sought to cut the deficit in the wake of the Wall Street crash, they briefly considered a proposal to scale down Social Security cost-of- living increases. Congressman Claude Pepper, 87, held a press conference to announce that he would force a separate House vote on the issue. The Gray Lobby went to work. The result? Although programs for the elderly account for one-third of the budget, negotiators dropped the proposal in a fright. "These...
...Putting the Presidency Back to Work" ((NATION, Nov. 23)), you say the "Iran-contra mess, the stock-market crash and the inability to pick a Supreme Court nominee capable of being confirmed by the Senate have threatened to add Ronald Reagan to the list of 20th century presidential failures." Are you serious? Here is a President who has been able to bring about a domestic- policy revolution: the top tax rate is down from 70% to 28%, inflation has been licked, and the economy has galloped ahead at a record pace for 59 months...
...days of doubt and anxiety following the stock-market crash, U.S. banks got a public vote of confidence as Americans rushed to put more of their money into nice, solid, federally insured savings and checking accounts. That was a far cry from the 1920s and '30s, when frightened investors hustled to their banks and clamored to withdraw their money. But even though angry mobs are rarely battering at their doors, today's banks and thrifts are being rocked by tremors just as dangerous as those of half a century...