Word: flooded
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Dates: during 1980-1989
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Holland was right. "They" -- the central bankers of the world's industrial countries -- were launching a major surprise mission to rescue the dollar from its perilous slide. The Federal Reserve and other central bankers intervened by unleashing a flood of orders to trade Japanese yen, West German marks and other denominations for the dollar. The strategy worked stunningly, sending traders scrambling to move in the same direction. Said Holland: "You don't make money by challenging the Fed. You could get squished trying to do that...
...when the market started to fall sharply on Oct. 14, customers began bailing out of Fidelity's 75 stock funds. Caught off guard with not enough cash on hand to meet the flood of redemptions, Fidelity was forced to sell shares heavily. On Oct. 19 alone, it sold nearly $1 billion worth of stock and thus helped to intensify the crash. Because Lynch is an aggressive fund manager who is usually light on conservative stocks, the Magellan Fund was especially hard hit by the collapse. An investment of $1,000 made on Sept. 30 is now worth...
...city has to get help from the state and the Federal Government, period." The costs of the epidemic to the city have grown from $184,000 in 1981 to $17.5 million this year. | Fortunately, San Francisco seems better prepared than other U.S. cities to cope with the coming flood of medical needs. Organizations such as the San Francisco AIDS Foundation, Hospice and the Shanti project have developed nationally renowned networks of volunteers to care for the afflicted...
...watched in horror as the images of death filled their TV screens: the rows of fly-haunted corpses, the skeletal orphans crouched in pain, the villagers desperately scrambling for bags of grain dropped from the sky. What started out as a trickle of aid turned into a billion-dollar flood. The U.S., the largest donor, sent $500 million, and that does not include millions in private contributions. Irish Rocker Bob Geldof enlisted the help of his fellow musicians, dubbed his crusade Band Aid and raised $140 million. The rescue effort was plagued by delays and controversy, and some 1 million...
Minskoff is not alone. Anyone who has shopped for a TV or VCR this season knows that television is going through some dramatic changes. The immediate effect is a flood of models endowed with high-tech conveniences, enormous screens and dazzling special effects. Waiting in the wings is a new generation of TV sets that are ready, once economic and political hurdles have been surmounted, to deliver images comparable in quality to those of a wide-screen motion picture. Says William Glenn, director of video research at the New York Institute of Technology: "This is the most exciting period...