Word: feds
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Dates: during 1980-1989
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...bull market has a father and protector, the honor can be claimed by Federal Reserve Chairman Paul Volcker. When the Dow hit a trough of 776.92 in August 1982 and the economy seemed hopelessly trapped in a recession, Volcker and his colleagues at the Fed were convinced that interest rates had to come down. No sooner had they loosened monetary policy than investors came storming back into the market. And as interest rates kept falling, the bulls kept buying. By November 1983 the Dow had reached a high of 1287.20. For the next year, the index more or less stagnated...
...historic petroleum price plunge of 1986 could be traced to September 1985, when Saudi Arabia got fed up with its dwindling share of the world's oil market and decided to reverse completely its traditional strategy of holding back production to prop up prices. Oil Minister Sheik Ahmed Zaki Yamani raised crude output from about 2 million bbls. a day to 4 million bbls. with the aim of forcing rival oil producers like Britain to cut back to make room for the Saudis. But when competitors refused to budge, the world's oil glut rapidly increased and discounting became rampant...
...fair number of S.M.U.'s 9,019 students seem fed up and worried too. Said Freshman Page Howard, addressing an unprecedented university-wide meeting called last week to debate the athletics issue: "I didn't come here because I wanted the football team to win. I wanted to learn. Now I'm scared when I graduate that people are going to laugh at my degree...
...destruction of Les Halles rallied the preservationists. The inadequacies of Beaubourg fed a mood of doubt about "radical" museum techniques. By the early '70s it was clear to the men of the Elysee that razing the Gare d'Orsay would be a major vote-losing blunder. The Gare d'Orsay stayed, Pompidou died, and Valery Giscard d'Estaing, the new President, inherited the problem...
...students said they occupied the office because they were fed up with demonstrators' taking over administration buildings to protest CIA recruitment on campus...