Word: crashing
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Dates: during 1990-1999
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...price: $42 billion of Hong Kong's storied wealth disappeared in short order as the Hang Seng index dropped 6% on Wednesday, then 10.4% on Thursday. The "red chips" of the Hang Seng, the stocks of mainland Chinese companies, were bled white. "This is a full-fledged, absolute crash," said Kent Rossiter, an investment adviser for Nikko Securities in Hong Kong...
...that is bad. Slamming on the brakes of a runaway market may help prevent a worse crash later. Also, devaluation of Asian currencies will make Asian exports cheaper, help keep inflation at bay in the U.S. and deter the Federal Reserve from raising interest rates...
...hired in 1983. He is a patrician, dryly witty scholar and administrator whose specialty is 17th century Dutch painting but whose eye and expertise are remarkably broad ranging. Given an enormous acquisitions fund, Walsh has bought prudently and selectively. The art world's fear that the Getty would crash the Old Masters market like an 800-lb. gorilla has proved largely groundless. The collection's focus is fairly narrow; it was never, Walsh points out, meant to be a "Western Met," an encyclopedic museum. Its collection of painting and sculpture, entirely European, stops at the threshold of the 20th century...
Paris police closing in on 'second car' in Diana crash (TIME Daily...
...right: the media's gone tabloid. And it's not just ABC. Think of Dateline NBC's faked car crash-ups. But it's not just TV news magazines. Consider all the local broadcasts featuring child sodomies and Kennedy delinquencies. Nor is it just television. How about Newsweek's cover story this week: "Galaxies: How the Universe Began; How it Might End." But not just weeklies. Even The Times has become fixated on Marv Albert's trial. Coz was correct in remarking, "Marv Albert's toupee falls off during sex, and the country goes crazy." But tabloidism isn't even...