Word: latelys
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Dates: during 1970-1979
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...Board, sanity began to return late Wednesday, when large institutions like insurance companies and pension funds moved into the market heavily to buy up stocks that other less cool-headed investors had been selling off at unrealistically low prices...
...could that dreaded month when the bubble burst and the world plunged into a decade-long recession recur exactly 50 years later? Many conditions today look frighteningly similar to those of late 1929. Then the panic was spawned by the Federal Reserve's attempt to nip speculation by raising the discount rate a full percentage point from 5% to 6%. The nation's banks in 1929 had built up a pyramid of foreign debt. National City Bank judged that Peru had a "bad debt record, adverse moral and political risk, bad internal debt situation"-and then lent...
...tremendous gamble with the economy, that they will succeed in licking inflation without creating another recession as deep as 1974," says Eckstein, a master of computerized forecasting who runs his own company. "They are finally jamming on the brakes, having done too little for a long time." But late as the switch is, Eckstein believes, "it's going to work. The chances are the inflation rate, currently 13.1%, will drop below 9% by February." But Eckstein sees a darker side: "There is no question that the economy is now going to turn down quite sharply. We are forecasting that...
...radiate so pure an azure as IBM's. Thus when the mammoth computer corporation decided to raise $1 billion, half of it in 25-year debentures, some Wall Street underwriters anticipated a field day. To be sure, interest rates were expected to go up another notch in late October, but by moving up the launching date two weeks, IBM and its principal underwriters, Salomon Brothers and Merrill Lynch, were confident that the timing was right. It was hideously wrong. The bond issue turned out to be perhaps the greatest underwriting fiasco in Wall Street history...
REGURGITATIVELY, Barth lifts his characters, these war correspondents of the literary battlefield, from each of his past books. The one new creation, Lady Amherst, is also the best. Her sequence of letters to the author describes the progress of her affair with Ambrose Mensch, a dilettante writer late of Lose in the Funhouse. Barth makes a feeble effort to set her up as an allegorical representation of "Belles Lettres," on which her--or Ambrose--hopes to father forth a new novel, but she balks, her past liaisons with famous men of letters notwithstanding...