Word: elliott
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Dates: during 1980-1989
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Georgia's Robert Prechter, 39, had become the hottest stock guru in 1986 and '87 because of the bullish predictions in his newsletter The Elliott Wave Theorist ($233 a year). He based his forecasts on a mix of esoteric formulas and offbeat indicators like hemlines: the return of the miniskirt, he said, was a sign of a peak in the market. Prechter issued a warning on Oct. 5, advising his subscribers to sell their stocks. But he did not predict the downturn's severity, which disappointed some followers. "New business has virtually disappeared," Prechter concedes, but he is philosophical: "Going...
Wright, it develops, was the victim of a trap laid by his longtime enemy Assistant Secretary of State Elliott Abrams. The plan was hatched when Wright criticized CIA covert actions during a meeting with contra leaders two weeks ago. His comments were passed on to Abrams, who leaked them to the ultra- conservative Washington Times. It was a Times reporter who initially questioned Wright about CIA activities...
Senator Quayle is just one of many so-called war wimps or chicken hawks: prominent, youngish Reagan-era conservatives who, one way or another, ducked the war in Viet Nam. Others include such Reagan Administration foreign policy hard-liners as Elliott Abrams and Richard Perle, Commentator Patrick Buchanan, and even Sylvester Stallone (who taught at a girls' school in Switzerland while the Commies were being beastly to his fantasy alter ego John Rambo). A similar Quayle-like controversy also surrounds the Rev. Pat Robertson, whose father, a Senator, may have helped him avoid combat in Korea...
...black youths more likely to commit crimes than whites? A glance at the nation's prison population would suggest that the answer is yes. But a surprising new federally funded study says not necessarily. In 1976 University of Colorado Sociologist Delbert Elliott began to follow a nationwide cross section of 1,700 young people, ages 11 to 17 at the time. Periodically they reported to him, in confidence, any episodes of their own criminal or delinquent behavior, whether or not they were caught. The finding after ten years: those who were white reported nearly as many crimes as blacks...
...study suggests that economic class is an important factor in how youths are treated by the juvenile justice system, whether they are black or white. Elliott believes that when more affluent youths run afoul of the law, they are more likely to find lenient treatment from police, and that courts are more willing to release them into the custody of parents who can promise counseling and special schools. Says he: "When lower-class families don't have these options, the court has little alternative but to order a jail term...