Word: impactful
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Dates: during 1980-1989
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...rushed to slash production or shelve capital-spending plans. But many companies began taking a hard look at their operations, realizing that further market declines could bring on a recession. For companies that had been planning to issue new stock or for young firms hoping to go public, the impact of the Black Monday crash was immediate and devastating. Many were forced to put their plans on hold until stock prices rise substantially, and they faced the unsettling possibility that a renewed bull market might not occur anytime soon...
...this Administration. He won his prize for a pioneering 1956 study demonstrating that the rate of technological progress does more to determine an industrialized country's growth than the size of its labor force or its investments in new factories or equipment. Solow's "theoretical model had an enormous impact on economic analysis," said the academy's statement. In the years since then, governments around the world have taken his lesson to heart. The revolution in jet aviation and the computers of Silicon Valley can be directly linked to government policies that steered money into technological research and development...
...impact of the President's words was hard to gauge. Exchanges in Asia and Europe suffered additional heavy losses Friday, but that might have been more a response to a bad Thursday on Wall Street. Despite a lukewarm reaction in the New York financial community to the President's statements, prices on the Big Board steadied, perhaps from exhaustion. The Dow average eked out a .33 gain to close the week at 1950.76. Two bits of news helped: the Consumer Price Index rose at an annual rate of only 2.1% in September, less than half the 5.8% pace in August...
Nobody who saw them in the early '60s can forget the impact of Stella's first "minimalist" works, the black-stripe paintings, done when he was in his 20s and just out of Princeton. One is apt to think of abstract artists' careers beginning in complexity and ending in reduction with the wisdom of age, like Mondrian's. Stella, so far, has inverted this: he started out polemical and bare, but has complicated his art to the point of apoplexy. Episode II, in which our hero goes nuts in the tropics, battles with spotted fluorescent snakes but does find...
While the brokerages tried to talk up investor confidence, the extent of the damage they had sustained was not known. The financial impact of Black Monday was delayed by a New York Stock Exchange rule that allows five working days to pass before traded securities must be paid for. But the 15 biggest U.S. firms clearly had taken huge losses -- by one estimate, anywhere from $50 million to $250 million each -- as they were caught with immense inventories of stocks that they could not sell. For those behemoths, with more than $20 billion in total capital, the bloodletting was serious...