Word: marketeers
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Dates: during 1980-1989
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Proponents of the measure, however, contend that it would give low-income city residents an opportunity to buy apartments at a discount rate, because landlords would only have one market for their rent-controlled apartments...
...There's got to be some way to stop them," said Councillor Thomas W. Danehy, banging his fist on the table. "Thirty days. Bam. I won't stand for it," he added, saying the city should give Star Market a short deadline for correcting the problem...
...Star Market has not complied with the noise ordinance because it lacks a monetary incentive, said Councillor Alice K. Wolf...
That assessment proved unerring. After a steep drop in early trading, stocks roared back Monday to post an 88.12-point gain for the day. Then on Thursday, the anniversary of the 1987 crash, the Government reported that the Consumer Price Index rose a modest 0.2% in September, propelling the market to a 39.55- point gain. The Dow closed at 2689.14 Friday, up a record 119.88 points for the week. In Tokyo the Nikkei index lost 647.33 points Monday but surged more ! than 1,000 points in the next four days to finish the week...
Such coordination is sorely needed because Wall Street has become an ever more volatile place. Deregulation and the growth of computerized trading have left the stock market vulnerable to violent swings. "People have to get used to the idea that at certain points 5% to 10% declines are possible in today's highly automated markets," says John Phelan, chairman of the New York Stock Exchange. Yet even some Wall Street insiders have had misgivings. Warns Edward Yardeni, chief economist for Prudential-Bache Securities: "A 7% drop in the Dow Jones index is destabilizing to individual investors, and we need them...