Word: kenneth
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Dates: during 1980-1989
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Howard Baker and his deputy, Kenneth Duberstein, brief Ronald Reagan on the crash. White House Spokesman Marlin Fitzwater is instructed to issue a few calming words: "The underlying economy remains sound...
...other insiders were already monitoring the stock market apprehensively. The previous Friday, White House Chief of Staff Howard Baker had pulled together an informal group consisting of himself, the Treasury Secretary, Council of Economic Advisers Chairman Beryl Sprinkel, Federal Reserve Chairman Greenspan and White House Aide Kenneth Duberstein. They met with the President after the market had closed with a then record loss of 108.36 points (shortly to be vastly eclipsed). Their message: basic economic indicators were good, but the markets were very nervous...
...tale from last week? Not quite. Fox is a character in Wall Street, a film directed by Oliver Stone (Platoon) and scheduled for December release that uncannily captures the real Wall Street's current mood. Says Kenneth Lipper, a former partner at Salomon Brothers and the movie's chief consultant: "There is a brooding omnipresence that the prosperity on Wall Street is headed toward a cataclysmic end." Stone, however, downplays the parallels. "You see the shadow of the crash, but Wall Street is the story of an individual...
CONTRIBUTORS: Kurt Andersen, Gerald Clarke, Jay Cocks, Thomas Griffith, Pico Iyer, Charles Krauthammer, John Leo, Jane O' Reilly, Kenneth M. Pierce, Richard Schickel, Mimi Sheraton, John Skow
CCRR member Kenneth Russell said Sullivan rejected the group's president, Gul Agha, because he recently moved to New Haven and is no longer an official Cambridge resident. Sullivan also rejected Harvey Sapolsky, an MIT professor of public policy. Russell said that Wise, the CCRR's third nominee, was "a fine and logical choice," but that his group would have preferred Agha...