Word: jolts
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Dates: during 1990-1999
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...Greenspan is getting more respect than an IRS auditor. But you have to wonder why it took an interest-rate jolt and what is developing into the worst stock-market plunge in seven years for his misgivings to register. This is a horrible replay of 1994. You may not remember, but don't feel bad because nobody was listening then when Greenspan expressed similar concerns and, surprise, jacked interest rates higher. The market tanked, pronto. Greenspan doesn't control the markets, for sure. But his is the hand closest to the interest-rate lever, which gives him an awful...
...baseball team was not alone, as many other Crimson squads have experienced the jolt of Old Man Winter. Both the men's lacrosse and the softball team are still bronzed from their tripe to Florida and California respectively, but now, back in Cambridge, they are forced to battle for precious practice time in Harvard's sole indoor facility&mdashBriggs Cage...
...percent drop (to 1,738.74). As Alan Greenspan has all too famously noted, the market has a little air in it. Watch for Friday s Labor Department report to see just how skittish investors have become. A stronger-than-expected showing could set off another Wall Street jolt fearing further interest rate increases by the Fed. For investors, the skinny remains: don't panic. Good news is still good news, and the economy, after all, is strong. But as snow fell Monday on downtown New York, the traders in Wall Street s vaulted warrens continued to usher March out like...
...British government's weekly Question Time has always been a 19th century affair: charming, wooden and occasionally raucous. But last week the hallowed institution got a jolt from the Labour Party's modern arsenal of database and communications weaponry. As Conservative Prime Minister John Major fielded a softball question about the insurance business, a member of Labour's "rebuttal unit" dived into the party's database and identified the questioner as a paid consultant for the insurance industry. The researcher zapped the news via pager to a Labour M.P. sitting in the House of Commons, producing an awkward moment...
...novelist. The subject matter, however, sparked his creativity, and he produced his satirical tale well ahead of schedule. "Massive scientific ruptures like this one are so rare and powerful and alluring," says Coupland, whose previous books, including Generation X and Microserfs, often explored science issues. "A good jolt is good for the brain, and the news is so jolting--it's a good match." As for the technology, Coupland says, since it's new, "I'm willing to give it a chance--but it has such a profound capacity for abuse." He's quick to add that that has never...