Word: leveler
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Dates: during 1980-1989
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...biggest boon, however, is the seemingly relentless bullishness of the market. The remarkable run of the Dow Jones industrial average began in August 1982 at the lowly level of 776.92. The Dow, having more than tripled in value since then, is now so high that investors sometimes get a kind of queasy altitude sickness that requires a retreat. That is what happened this spring, when a sizable sell-off sent the Dow tumbling 190 points from a record 2405.54 on April 6 to a low of 2215.87 on May 20. But then the Dow began a summer surge...
...volatility of the market is inspiring a mixture of excitement and fear, since the Dow's stratospheric level gives it a tendency to sweep up and down from time to time by 50 points or more a day. When individuals reap an overnight windfall, they can become manic and even a little careless about where to put the money next. "Clients are calling about speculative stocks that they've heard about at cocktail parties over the weekend. I'm worried about this," says Jerry Tisserand, a broker for Thomson McKinnon Securities at a branch in Evansville, Ind. At the same...
...adds another dimension to the celebrated Thomas Nast drawings of Tweed as a vulture, a bloated moneybag and Falstaff. En route the author vigorously and accurately portrays his real hero: the city, with its teeming and angry slums, frantic mix of ethnic groups, riots, underworld schemers and high-level scandals, demonstrating that in New York, the more things change, the more they are the shame...
...sake." But even Dukakis' showcase proposal -- a regional-development fund that he mentions in almost every speech -- would cost just $500 million a year, about what the U.S. spends on aid to Pakistan. As he talks eagerly about harnessing the "enormous capacity at the state and local level," Dukakis at times sounds like a man whose fondest ambition is to be Governor of the United States...
...Soviets claim to be. Gorbachev has called for reducing conventional arms to a level of "reasonable sufficiency." Said he: "In the European building, every apartment is entitled to protect itself against burglars, but only in such a way as not to demolish the next-door apartment." His top propagandist, Alexander Yakovlev, is even more forceful about cutting conventional forces. "We are prepared for the most radical steps along these lines," he told New Perspectives Quarterly, a California-based political journal. Encouraging words -- but in more than 13 years of negotiations with the West over mutual troop reductions, the Soviets have...