Word: dowing
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Dates: during 1980-1989
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...court last week also okayed official spying in the sky. Dante Ciraolo had high double fences around his backyard in Santa Clara, Calif. Even so, police acting on a tip were able to spot the 73 marijuana plants growing in the yard--by flying overhead in a chartered plane. Dow Chemical Co. had even more elaborate security precautions at its plant in Midland, Mich. So the Environmental Protection Agency also sent up an airplane, to get pictures as part of an inspection of the site. In two 5-4 decisions, the Supreme Court ruled that neither search from the skies...
...both majority opinions, stated in the California case that although residential yards are ordinarily fully covered by the privacy safeguards of the Fourth Amendment, it was unreasonable to expect such protection for activities that are "visible to the naked eye" by police "traveling in the public airways." In the Dow case Burger went further, saying that a factory area was not comparable to a private yard, and that the $22,000 magnifying camera used by the EPA was not in the same league as high- tech snooping devices that might require a search warrant. The majority's course worried Lewis...
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...
Wall Street has become so enthralled by cheap oil that the slight rise in crude prices at the end of last week helped trigger a spasm of disappointment in the stock market. Fearing that petroleum has already fallen as far as it can go, investors sent the Dow Jones industrial average plummeting a record 82.50 during the week, to close at 1739.22. Earlier the Dow had ended the first quarter up 17.6% since the beginning of the year...
...surge of IRA money into stocks has become a self-perpetuating trend by helping keep the bull market going. Last week the Dow Jones industrial average closed at a record 1821.72, up 53.16 points for the week...