Word: marketting
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Dates: during 1980-1989
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...Hungary the country's ruling party shed its Communist label. And in Caracas ranking socialist leaders of the First and Third Worlds -- President Francois Mitterrand of France, 72, on a tour of Latin America, and President Carlos Andres Perez of Venezuela, 66 -- agreed on the virtues of the free market...
During the next ten years, Perez regarded as proteges two young fellow socialists -- Felipe Gonzalez Marquez, who became Prime Minister of Spain in 1982, and Alan Garcia Perez, who has been President of Peru since 1985. Much like his neighbor Mitterrand, Gonzalez has become an apostle of "market socialism," and he is virtually assured of re-election when Spaniards go to the polls later this month. Garcia, by contrast, stuck with policies similar to those Perez had followed in his own first term. Peru now faces economic disaster, and Garcia is almost certain to be defeated next year. After...
...star-crossed: Friday the 13th in the month of October, on the eve of the second anniversary of a devastating market crash. "I'm telling you, psychology is really funny. People get crazy in situations like that," said portfolio strategist Elaine Garzarelli. Last week Friday the 13th lived up to its frightful reputation. After drifting lower at a sleepy pace for most of the day, the Dow Jones industrial average abruptly lurched into a hair- raising sky dive in the final hour of trading. By the time the 4 p.m. closing bell halted the rout, the index had dropped...
...sell-off was the sharpest since the market plunged 508 points on Oct. 19, 1987. In terms of points, it was the second largest loss in Wall Street history; in percentage, the day ranked twelfth worst. "It's total emotional and psychological chaos," said Eugene Peroni, an analyst with Janney Montgomery Scott, a Philadelphia brokerage firm. "People are dumping < everything. A great deal of money is being lost...
...There's no way I'd ever invest in the market to gain any money," he said...