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Dates: during 1990-1999
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...Japan the epic slide of the Tokyo stock market began with fear of rising interest rates at home, and has been accelerated by rocketing oil prices abroad. Tokyo's Nikkei index has fallen from its peak of 38,915 last December to a closing price of 22,828 last week. "This has probably been the largest bear market in any country since World War II," says Peter Tasker, head of research at Kleinwort Benson International in Tokyo. In a fleeting burst of euphoria, the index zoomed a record 13% last Tuesday, but much of the gain was the result...

Author: /time Magazine | Title: All Shook Up | 10/15/1990 | See Source »

...leaders with agonizing choices. To spur the slumping economy, the Federal Reserve Board would normally loosen credit and allow interest rates to fall. But Fed Chairman Alan Greenspan has been reluctant to do that because of the inflationary pressure of rising oil prices, which helped push the consumer price index to an annual rate of nearly 10% in August. Greenspan has suggested that interest rates would be allowed to fall if the Administration and Congress can reach a credible deficit-cutting agreement, which would reduce the pressure of government borrowing on the credit markets. As a result, Wall Streeters have...

Author: /time Magazine | Title: All Shook Up | 10/15/1990 | See Source »

CAPTION: Tokyo Nikkei Index...

Author: /time Magazine | Title: All Shook Up | 10/15/1990 | See Source »

Observant Lamont patrons often notice that many books have a strip on the cover for bar codes and expect to use them instead of filling out a card. Unfortunately, very few staff members at Lamont have light pens in their index fingers. FAS started to bar-code some Lamont books several years ago, but at the last moment decided to postpone installing the computers and putting the system on-line...

Author: By John D. Staines, | Title: Lamenting Over Lamont | 10/13/1990 | See Source »

...seized S&Ls and their assets. Federal Reserve Chairman Alan Greenspan warned Congress last week that the Persian Gulf crisis has "introduced new and substantial risks" to the economy. Washington's latest measures of economic activity showed just how gloomy the outlook has become, as the Consumer Price Index rose 0.8% in August, equivalent to an annual rate...

Author: /time Magazine | Title: S&L Hot Seat | 10/1/1990 | See Source »

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