Word: distressing
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Dates: during 1980-1989
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...Administration's distress at being caught out in such an improbable and embarrassing situation was evident in the scramble of the White House to put a lid on the rapidly expanding story. Whereas only a few weeks ago the Administration had rallied its forces to defend the President's actions at the Iceland summit, virtually blitzing the media with press conferences, interviews and briefings, now there was a chorus of no comments, off-the- record observations, obfuscations and pointed suggestions of self- restraint, even repression of the emerging facts. President Reagan declared that the | disclosures "are making it more difficult...
...With the savings they were able to bring out, the family bankrolled construction and steel ventures in Toronto, eventually moving into real estate speculation. In 1977 Wall Street hardly noticed when Olympia & York, the development firm founded by the brothers, picked up eight Manhattan skyscrapers at a distress-sale package price of $400 million during New York City's fiscal crisis. Today those buildings are valued at some $3 billion...
Program trading may bring a safe return for its participants, but it creates distress for other, unsuspecting investors. As traders load or unload enormous amounts of stock, they can magnify the rise or fall of the market. Sharp volatility has occurred at the so-called triple witching hour (on the third Fridays of March, June, September and December), just before stock-index futures and two related types of financial instruments expire at the same time. That is the last point at which arbitragers can decide what to do with the stock they have accumulated, and their herdlike decisions have often...
With great distress, I have read recently of the denial of tenure to three of Harvard's most talented and respected junior faculty members, Alan Brinkley, Bradford A. Lee and Robert N. Watson. I had the pleasure and the privilege of being taught by all three before I graduated from the College in June 1985, and sincerely believe that the quality of my education would have been considerably lower had these teachers and I not crossed paths...
...rural culture extracts its lifeblood from the ritual of renewal, no place more than Iowa, the most agricultural of American states. Teachers, merchants, veterinarians and mechanics from the small towns link the farmers and help orchestrate community life. For the moment, some of the small towns are in more distress than the farmers. The Government provides no subsidy for grocers and drygoods merchants. Publisher Alan Smith, of Mount Ayr, Iowa, (pop. 1,900) used to run two-thirds of a page of delinquent taxes in his Record-News every year. Now he runs six or eight pages. How long before...