Word: dived
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...disproportionate share of Navy dollars go to his nuclear ship programs. Some naval analysts also say that Rickover's single- minded belief in large pressurized-water reactors drove the Navy to build bigger, if not necessarily better, submarines while overlooking possible alternatives in propulsion design. Soviet submarines can now dive deeper and go faster, and are narrowing U.S. advantages like quietness. Notes Norman Polmar, a Rickover biographer: "In the '50s, Rickover was a technical visionary. By the '60s, he was reactionary...
...another era, the selling wave would have signaled a stock-market catastrophe. But, surprisingly, there was nothing akin to a major panic on the floor of the New York Stock Exchange last week, even as the four-year-old bull market took a sudden nose dive and the Dow Jones average of 30 industrial stocks suffered its largest single-day decline in history. Only six days after breaking through the 1900 level for the first time ever, the Dow plunged 61.87 points, to 1839, on the week's opening day. On Tuesday the bears were again on the prowl...
...speech that received a tepid reception from the National Association of Manufacturers, President Reagan called the trade bill a "kamikaze" measure that would "send our economy into the steepest nose dive since the Great Depression." But to show his concern for the trade deficit, he announced that Washington was close to an agreement with Tokyo that would open Japanese markets to more U.S. computer chips...
Byrd spent much of her four-year career battling injuries, but at the end of this season the Miami, Fla., native qualified for the NCAA diving team. She currently holds the Harvard record for the three-meter dive and--as a sophomore--was named outstanding diver of the Eastern Championships...
Last week's news shook Wall Street like a 100-point dive in the Dow Jones industrial average. Traders are wondering who might be the investigators' next target. Says one broker: "Everybody has done insider trading at one time or another." Observes a senior investment banker: "People used to joke around about insider trading. Now it's in extremely bad taste to crack such jokes." These days, needless to say, Dennis Levine and those who swapped secrets with him are not laughing...