Word: fallouts
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Dates: during 1990-1999
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From nuclear fallout shelters to dead flowers, the photographs in Archives and Archetypes, on display through this Sunday, at first seem like the work of nine different artists. But in fact, they are all by Barbara Norfleet, whose work defies a single style o simple subject...
Strangely, despite the intense selling pressure from overseas, the market opened simply garden-variety ugly at 9:30 a.m. Monday. We dumped and dumped and dumped; we were sure that a global sell-off would ensue from the Southeast Asian fallout, and we wanted to beat the panickers to the exit. The sell-off remained orderly until Barton Biggs, one of the reigning rainmakers on Wall Street, conducted a conference call with Morgan Stanley Dean Witter clients. Set up by brokers who actually thought Biggs might be bullish, the big shots who dialed in got a dose of fear that...
...fallout continues. Once again, dour comments by Federal Reserve chief Alan Greenspan on the state of the U.S. economy have touched off a world-wide spate of panic selling, reports Money Daily. Southeast Asian markets were the most affected, with Hong Kong's Hang Seng index dropping 4 percent and Japan's Nikkei falling nearly 250 points. The bulls were equally spooked in Europe - Germany's DAX and Britain?s FTSE were sinking slowly early Thursday. All this on the back of Greenspan expounding a very simple economic truism: higher employment means higher wages and higher prices. What on earth...
...PACIFIC RIM. Thanks to a long bear market in Japan and fallout from the currency crisis, this region is about as cheap as any. It is also the region with the lowest correlation to the U.S. market, meaning that stocks there could easily rise even if the U.S. market goes into a long decline. The big problem is that no one knows for sure if the current turmoil is reaching an end. Despite that, Eric Fry, president of the money-management firm Holl International in San Francisco, is jumping in with both feet...
What happens next depends on whom you ask. To hear NASA tell it, the fallout from such a disaster would be primarily emotional. Scores of scientists and technicians would watch bitterly as years of work went up in smoke and the chance to learn valuable information about a distant, mysterious world evaporated. Congress would wring its hands over wasting $3 billion of the taxpayers' money. And NASA's reputation would get another black mark...