Word: leveling
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Dates: during 1990-1999
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...over northwestern Turkey, in the hundreds of square miles savaged by the 7.4-level temblor, people have begun to emerge--slowly, fitfully--from their stupor. Turkish authorities, whose first response was a scandalous paralysis, have moved into action, directing relief where it is needed, working to forestall a second-wave tragedy of infectious disease. Survivors, many of them at first unwilling to budge from outside their fallen homes, hoping to salvage something--if not a loved one, perhaps some hoarded savings--are drifting into tent cities. Amid the uncertainty, both the leaders and the governed seem clear on one thing...
...Demands 1. Abolish ROTC completely by breaking all existing ROTC contracts and not entering into any new ones. 2. Replace all ROTC scholarships with University scholarships. 3. Restore all scholarships to the Paine Hall demonstrators. 4. Roll back rents in Harvard University-owned buildings to the level of January 1, 1968. 5. No destruction of 182 Black and white workers' homes around the Medical School. 6. No destruction of University Road apartments for the construction of the Kennedy School...
...commerce debate isn't a new one--Da Vinci's Mona Lisa is said to be the most reproduced painting in history--but the corporate approach of Media Arts brings the argument to a new level. "I have an N.C. Wyeth hanging in my office that was a tire ad in 1916," says Scott Usher, president of Greenwich Workshop, a publisher in Shelton, Conn., "and very few art critics are going to say Wyeth was just an illustrator." Norman Rockwell battled the same demon, and Andy Warhol took heat for suggesting it was O.K. to have assistants do some...
That doesn't seem like much, but it's a level not seen since the last speculative bubble burst, in 1987. And it's still growing, almost exponentially, rising faster than credit-card or mortgage debt. "We've had an expansion of margin debt the likes of which haven't been seen since the 1920s," says Tom Schlesinger, executive director of Financial Markets Center, a research institute...
...bought with borrowed funds that you have to dig into your own pocket to meet the margin requirement or dump stocks you already own to raise the money. If you don't, the broker can sell your securities--and will he ever!--without notifying you. Given the historic level of margin debt out there, a wave of forced selling could lead to a violent downdraft in prices and possibly end the nine-year economic expansion...