Word: crashing
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Dates: during 1980-1989
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...reporters mobbing the latest figure in a Wall Street insider-trading scheme. These disparate events were connected and given perspective earlier this year in a TIME cover story, "What Ever Happened to Ethics." A third spot will show how TIME went beyond the headlines of the Wall Street crash to examine America's leadership crisis...
...June, was an heiress of the Standard Oil fortune. In addition to having a few silver spoons come his way, he had something of a Midas touch. He was a wunderkind of the investment-banking world in the 1930s -- "the last man hired on Wall Street before the Crash," he says with a wry smile -- and later helped develop the Aspen, Colo., resort where he plans to take some of his eleven grandchildren skiing in two weeks. (Nitze has two sons and two daughters; there is also one great-grandchild so far, but at age three...
...where it has played to sellout audiences since July. Written as a bawdy, irreverent look at the greed that, in Churchill's view, has permeated London's financial community since last year's Big Bang deregulation, the satire has become all the more timely since the worldwide stock crash. The wild, convoluted plot revolves around an insidious insider-trading scam that leads to murder most foul...
...usual. America's jingle-jangle shopping spree seems muffled so far this year. As customers browse among the cashmere sweaters and compact-disc players, many are having doubts not only about this month's expenditures but also about their whole philosophy of buy, buy, buy. The October stock-market crash and the likelihood of an economic slowdown next year have rekindled the feeling that Americans must reform their spendthrift ways. "Consumers are so far out on a limb," declares Economic Consultant A. Gary Shilling, "that the crash has shocked them into an agonizing reappraisal of their conduct...
...called wealth effect in which stockholders feel rich on paper. The catch is that home values and stock prices can fluctuate, often cruelly, even though their growth seems so dependable during some periods. Says John Godfrey, chief economist for Barnett Banks of Florida: "If the stock-market crash did anything, it showed us that we can't count on that value being there...