Word: crashing
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Dates: during 1980-1989
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...crash, which merely wounded Wall Street's stronger firms, was a staggering blow for the weakened Hutton. "The events of the last few weeks have altered the conditions under which we compete," said Rittereiser. "Prudence requires that we pursue this course." The most likely buyer may be Shearson Lehman Bros., which offered some $1.6 billion for Hutton a year ago. Now the price may be much lower: an estimated $1 billion. Several other firms, among them Dean Witter and Merrill Lynch, are said to be talking with Hutton. One possibility is that the company's departments will be sold separately...
Will the U.S. economy withstand the shock of the Black Monday stock-market crash, or will it slide into a prolonged recession? The answer will depend on the actions of consumers, companies, the President and Congress -- but perhaps most of all on the policies of the Federal Reserve Board. By controlling the nation's money supply, the Fed can willfully -- or often inadvertently -- speed up the economy or slow it down. Though the chairman and the six other Federal Reserve governors are appointed by the President, they become all- powerful financial gods once they get on the board, and their...
Soon they may have to make do with less income as well, because October's stock-market crash has given a new sense of urgency to congressional efforts to trim the federal budget. The fiscal 1988 budget calls for farm subsidies of $21 billion, down 6% from this year's, and the tentative deficit-cutting agreement reached two weeks ago by congressional and Administration leaders aims to chop out another $900 million. For many farmers, those federal payments can mean the difference between survival and failure. Montana farmers, for example, last year earned $303 million in net income but received...
...even in this Spielberg war, wisdom brings bitter lessons. It teaches Jim that he may -- must -- filch food from the dying and take shoes from the dead. When P-51s zoom above him, the plane-crazy boy crash-dives into delirium; his dreams have singed him by flying too close, poisoned him with their oil and cordite. Alone with an ailing woman (Miranda Richardson), who stokes his first erotic fantasies, Jim looks up and sees the atomic blast over Hiroshima as a blazing crystal vision. Even at the end, when a plane drops bundles of Spam and Luckies like...
...search by French, U.S. and South African authorities. When an SAA rescue plane finally located the wreckage about 175 miles northeast of Mauritius late last week, there was no sign that any of the 140 passengers and 19 crew members had survived. Should none be found, the crash would be the worst ever for state...