Word: halt
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Last week Wall Street seemed to get the message. In rapid-fire announcements made on the eve of congressional hearings on program trading, six major securities firms -- Salomon Brothers, Morgan Stanley, PaineWebber, Bear Stearns, Kidder Peabody and Dean Witter -- announced that they would halt index arbitrage for their own accounts, at least for the time being. With the exception of Bear Stearns, which will stop all index arbitrage, the firms will continue to execute such trades for customers who request them...
...cultivating good relations with the U.S., China may have to stop playing the panda card. Last week the World Wildlife Fund and the American Association of Zoological Parks and Aquariums filed suit in federal court in Washington to halt the shipment of two giant pandas from Shanghai to the Toledo Zoo. Experts contend that the endangered species' population has fallen below 1,000 and that the 100 pandas in captivity reproduce at a lower rate than those in the wild...
...restraining inflation will take resolve and courage on the part of the Fed, especially in an election year. But Greenspan can probably muster the necessary determination if he thinks back to the early 1980s, when inflation got completely out of control and it took 20% interest rates to halt the price spiral. No one -- Republican or Democrat -- wants to experience a repeat of that episode...
According to observers, the Law School is composed roughly of CLS adherents, CLS opponents and undecided faculty in equal numbers. At times, each faction has had enough pull to bring the tenure process to a grinding halt, destroying the faculty's collegiality. Most recently, the case of Assistant Professor of Law Clare Dalton, who was denied tenure by the faculty and President Bok on review, has raised issues of gender and political discrimination that have turned academic disputes into personal ones...
...intrusions came to an abrupt halt, but the mystery persists. Was Speer % simply a clever hacker? Or was he a would-be mercenary or even an East bloc spy? Speer is apparently not telling, and the West Germans lack sufficient evidence to haul him into court. But back in Berkeley, an intriguing new lead has surfaced. Three months after Speer took the Star Wars bait, the lab received a request for more information on the bogus project. Postmarked Pittsburgh, it was signed by a reputed arms dealer with ties to Saudi Arabia. How could he have got the address...