Word: crashing
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...looking for a place to sleep when I happened to notice that the lights were on in the home of my close personal friend, Jeffrey J. Wise. Thinking to ask to crash on his rug, I shinnied up the drainpipe, forced the window lock, and climbed into his bedroom. But, alas, he was not there. What I did find, however, was much more intriguing...
None of the misfortunes, however, touched off a political crisis like that in Washington. For one thing, government leaders quickly pointed to the U.S. stock crash as the main cause of their own market woes. For another, the foreign debacles had nowhere near the potential of Wall Street to cause a major impact on local economies. With the monumental exception of Tokyo, now the world's largest stock market (with a value of almost $2.5 trillion, vs. the New York Stock Exchange's $2 trillion), most foreign markets are small * compared with those in the U.S. Before the October slump...
What concerned most foreign leaders was the possibility that the Wall Street crash would lead to a U.S. recession and then to a world economic downturn. Nervousness about that prospect led to a certain amount of pointed anti-U.S. feeling. "The problems we are facing are the result of policies from the beginning of the Reagan Administration," said an angry West German central banker. "American policy is mainly determined by domestic considerations, even if it affects the world economy. Such thinking is no longer appropriate." A survey of the top financial centers...
...value of the 225-stock Nikkei share index exchange fell 1,096 points, the third biggest loss ever. But after the slide, the Nikkei climbed by 731.15 points on Friday, its third biggest rise ever, and an additional 563.87 points on Saturday. Controlling the effects of the second-week crash posed a substantial challenge for the lame-duck government of Prime Minister Yasuhiro Nakasone, who hands over power on Nov. 6 to his successor, Noboru Takeshita. Following Monday's precipitous slump, the Japanese Finance Ministry quietly pressured major trust funds and insurance companies to begin a stock-buying blitz. Most...
...slump would clip half a point off Britain's 3.0% projected growth rate next year. Prime Minister Margaret Thatcher called for a healthy dose of budgetary realism in Washington, and Chancellor Lawson reminded tight-fisted central bankers in Bonn that it was a credit crunch that turned the 1929 Crash into the painful 1930s Depression. Said he, referring to West Germany's reluctance to stoke its economy: "It would certainly be helpful if the German monetary authorities were to show more awareness of this...