Word: grasso
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...1960s--but this time to gain better access to financial services and end what Jackson refers to, with typical flourish, as "economic apartheid." No boycotts are being threatened this time around. Instead, Jackson is uniting an underserved market with customer-hungry companies. New York Stock Exchange (N.Y.S.E.) chairman Dick Grasso agrees: "It's an absolutely perfect alignment...
...Grasso was still winding up a speech that began with the American capitalist phoenix and veered into the necessity to "obliterate" its terrorist enemies and the countries that support them. A journalist joked under his breath that someone was going to have to pull him away from the microphone before the 4 p.m. close...
...Maybe Grasso was nervous about the wiring holding up. But I was breathing easy again. Spin - and symbiotic, mutually desired journalism - was back...
...Then came the two-minute moment of silence (broken once by an inadvertent bell) and the Marine woman singing "God Bless America" in an operatic tremolo, and finally, at 9:34, the bells dinged, Grasso beamed, and the stock market was back from the ashes...
...Back at the office, the air was clear. I watched the session end quietly on CNBC: record volume and record point losses, and Grasso had seen his feverishly rebuilt infrastructure hold up admirably, just as he?d promised. The center had held, but despite Fed rate-cutting and SEC permissiveness the big indexes had broken through technical lows that nobody wanted to see again, and most forecasters admitted it was hard to know what would happen from here...