Word: floorful
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Dates: during 1980-1989
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Frank, meanwhile, is showing no signs of laying low as he takes to the House floor for the first time since scandal broke and has maintained a full schedule of events in his Massachusetts district. And in the past two weeks a legal defense fund set up in the Democrat's name has begun receiving contributions...
...junk- bond market that has fueled major takeovers. The singular event that shook investors was the faltering of a $6.75 billion labor-management buyout of UAL, the parent company of United Airlines, the second largest U.S. carrier. "That's when all hell broke loose," said Robert Newman, a floor trader for Equitrade Partners. "It was very reminiscent of something I do not care to think about...
...dizzying heights that a correction of some sort seemed almost inevitable. Propelled by favorable economic news and a wave of multibillion-dollar takeovers, stocks had soared more than 1,000 points since the 1987 crash. But by last August some Wall Streeters were clearly worried. Noted Donald Stone, a floor specialist for Lasker, Stone & Stern: "I've been on the trading floor for 39 years, and I've never seen the market go up so fast for so long without a major break." Yet the bulls kept on running. Just last Monday the market closed at a historic peak...
Nowhere was the shock greater than on Wall Street, where some traders had left work early Friday to enjoy a balmy Indian summer day. "I was on the floor until 2:30," said specialist Stone. "The trading was so quiet that I decided to go home." But by the time he got there shortly after 3, the damage was already out of control. "I saw quite a bit of panic selling," said Muriel Siebert, who heads a discount brokerage that bears her name. UAL shares fell 5 1/2 points before trading in its stock was halted because the number...
Square Books (25,000; Oxford, Miss.). This charming store in a Reconstruction- era building carries a full range of titles and offers tomato-basil pie in a second-floor cafe. Owner Richard Howorth maintains a local flavor with a section devoted to Oxford's best-known citizen, William Faulkner. A small sign above the stack of copies of the 8 1/2-lb. Encyclopedia of Southern Culture reads, $5.98 PER LB. SAME AS CATFISH FILLETS...