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When Japan's probusiness Liberal Democratic Party confounded predictions of a tight race and won a resounding victory in the national election early last week, many investors hoped Tokyo's financial markets would celebrate. But the champagne corks never popped. Instead investors watched in distress as the Tokyo stock market suffered one of its biggest declines ever. Falling in four of the five daily sessions last week, the 225-issue Nikkei index plummeted more than 2,500 points, or nearly 7%. Approximately half of the drop occurred on Wednesday alone. The Nikkei closed at 35,890.97, the lowest level since...

Author: /time Magazine | Title: FINANCIAL MARKETS: A Rapid Loss Of Altitude | 3/5/1990 | See Source »

...novel legal theory" put forth by their attorneys, it was clear the couple had no intention of being injured by the train. Said Willson's attorney, Thomas Steel: "The decision has laid to rest the idea that a person who is run over can be sued for causing distress to the person that runs over...

Author: /time Magazine | Title: California: Demise of a Novel Theory | 1/15/1990 | See Source »

...down any lingering rumors of seasickness or distress on Malta's surging waves, Bush waxed eloquent about the night in the driving storm. "I loved it on the ship. We ate a wonderful dinner and had a good bottle of white wine. I went out on the fantail first, and for a couple of hours I watched those young boys working the anchor chains so skillfully in the high seas, and it was thrilling." That story undoubtedly will be enlarged and enriched as the years go on. Old sailors are just that...

Author: /time Magazine | Title: The Presidency: A Game of One-on-One | 12/18/1989 | See Source »

NERUOSIS, elation, apprehention, fear, remorse--I have gone through the whole slate of emotional distress. But the one that keeps haunting me, that flashes in my mind each morning when I read the newspaper, is alienation. Here in Boston, studying in school and watching from afar, I feel left out of the very events that are defining my generation...

Author: By Juliette N. Kayyem, | Title: Discontent Over Democracy | 11/30/1989 | See Source »

Sister City in Distress...

Author: By Michael P. Mann, | Title: Council Chides Star Markets | 10/31/1989 | See Source »

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