Word: dows
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Dates: during 1990-1999
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Look at how fixated we've become with the daily ups and downs of the Dow--how our hearts race when the market is up and how we sag when the market does. Or look at how we've turned mutual-fund managers like Peter Lynch into celebrities. Most of all, look at the extraordinary extent to which we now rely on stocks to fund our retirement, send our kids to college and allow us to lead the kind of comfortable lives we view as middle class. We believe in the market today with something approaching religious faith...
...contrary. The Crash proved that people should have listened to him instead of to those charlatans who encouraged investors to borrow so heavily and to speculate so wildly. And if Americans had soured on the market by the end of the 1930s--and how could they not as the Dow Jones average lost 60% of its value and people came to see how rotten the game had been--Merrill eventually came to the conclusion that someone would have to rekindle the country's faith in the market. He turned to the only man he thought capable of the task: himself...
...eliminated $140 million in taxes owed by Shell Oil Co. affiliates, a business whose roots in the U.S. go back 86 years. It erased $103 million in taxes owed by International Paper Co., which opened its doors 100 years ago. And it voided $96 million in taxes owed by Dow Chemical Co., which was established 101 years...
Sources: Challenger, Gray & Christmas, Inc., Wall Street Journal, Dow Jones News Service, International Council of Shopping Centers, FAO Schwarz, Tiger Electronics...
...could have trained for, and that neither could have predicted would undo the Speaker rather than the President. Even as Gingrich set to sharpening the blades of the guillotine, his adversary stayed on message, made peace in the Middle East, waved John Glenn back into orbit and watched the Dow follow close behind, as Gingrich produced an impeachment spectacle that left voters gagging, and a budget that drew the same response from his own party. By the time the routine midterm election had dissolved into a humiliating defeat Tuesday at the polls, it was suddenly Gingrich whose judgment was challenged...