Word: heedlessness
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...month's two historic calamities: the 1987 collapse on Oct. 19 and the 1929 debacle on Oct. 29. Particularly gnawing was the memory that 1987's Black Monday was preceded by a Friday plunge of 108.35 points. Last week's drop-off rekindled fears that an era of heedless borrowing by corporations and the Federal Government might finally be coming to grief. At the very least, the rout reminded investors that the stock market is a volatile place where fortunes can vanish at the touch of a computer key. After one frantic hour of selling conducted to a large extent...
...argued, of course, that American resolve was what brought the Soviets around. For all the uncertainties, progress to date is largely due to an almost heedless Soviet willingness to say da. "This is an entirely different Soviet attitude than we have ever seen before," says a senior aide to Baker. But until the Administration decides what to make of that attitude, START -- and other issues -- could stay stalled...
...Pogues muscled mainstream folk music out of its rut. Their raucous, carefully heedless style opened the way for the Hothouse Flowers, the Proclaimers and the Waterboys, three of the best bands working the newly fertile field of electric folk. The Pogues redirected and redefined a tradition that even such disparate talents as Tracy Chapman, the Indigo Girls and Suzanne Vega are working to excellent effect. Mind you, listening to MacGowan blister his way through Young Ned of the Hill or White City will not bring a fond smile to folkies who prefer their music mild, like a cup of chamomile...
...Washington Catholics, Stallings is a figure to reckon with. During a twelve-year assignment, the 41-year-old priest built up a black parish from 200 to 2,000 families. Last year Hickey appointed him director of the archdiocese's evangelism program. Heedless of Hickey's stern warnings, Stallings is determined to celebrate Mass for his Imani (Swahili for faith) Temple, which will meet temporarily in a chapel at Howard University. How many of the archdiocese's 80,000 black parishioners will enlist in this self-made Catholicism? Jacqueline Wilson, who directs the Washington archdiocesan office for black Catholics, thinks...
Moreover, the law has failed to forestall an epidemic of outright fraud and abuse. The Western regional INS office, which covers California, Arizona, Nevada, Hawaii and Guam, has handed out $1 million in fines to heedless employers in the past two years. But with 400 agents in the region, the INS hardly has the manpower to wage a serious crackdown and thus goes after only the most blatant offenders -- and many companies and illegal aliens are willing to take their chances. A survey by the University of California at San Diego's Center for U.S.-Mexican Studies, for example, found...