Word: jump
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Dates: during 1980-1989
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...black and white turnout fell to a historic low of 7%, and in nine states, including Illinois, blacks were reported voting in a greater proportion than whites. And the number of black state legislators increased by 35, to 355, the largest jump ever. Nevertheless, the total of 5,160 black officials nationwide represents only about 1% of all elective offices...
...worth $80,000 ($500 times 160). To invest, a buyer would have to put down something less than 10% of that amount, or about $6,000. The investor would then stand to make or lose $500 on every point the index rose or fell. If it were to jump to, say, 165, the purchaser would have a profit of $2,500 ($500 times 5). If the index dropped to 155, he would lose $2,500. Trading in the contracts can therefore be expensive and risky. "These instruments are not for the small investor," says Louis Margolis, vice president...
...Michigan would nullify the FCC action and place surcharges on long-distance phone companies in order to restore some subsidies for local rates. The legislation, which would eliminate the FCC's planned extra charges, has solid support. Politicians know that as soon as phone bills back home jump, phones in Washington will start jangling off the hooks...
Japanese negotiators can also confuse outsiders by lapsing into silence to mull a point. Western businessmen may then jump into that pool of silence, sometimes to their regret. Howard Van Zandt, a professor at the University of Texas at Dallas who spent 17 years as ITT's top manager in Japan, recalls how the head of a Japanese firm did nothing when a contract was presented for his signature. Van Zandt's ITT boss then hastily sweetened the deal by $250,000. Says Van Zandt: "If he had waited a few more minutes, he would have saved...
...Janeiro, where luxurious, marble-walled apartment houses with rooftop gardens overlooking Ipanema and Copacabana beaches are flanked by squalid hillside shantytowns, crime is on the rise. Armed robbers often overpower apartment doormen at night and wait to ambush residents returning from evening parties. Bandits jump on buses and force passengers to hand over wedding rings and to empty their wallets and even shoes, where some people hide large bills. The rich are becoming fearful and cautious. At an exclusive dinner in São Paulo given for Antonio Gebauer, a senior vice president with New York's Morgan Guaranty...