Word: morgans
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Dates: during 1980-1989
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...housing began to show signs of renewed life in July. For many professional investors, the most convincing buy signal came in early July, when it turned out that second-quarter corporate profits had declined by a less-than-expected 9%. Says Barton Biggs, a managing partner at the Morgan Stanley & Co. investment banking firm: "The market is tracking a classic recession pattern. In general the best gains have come after the worst decline in corporate earnings...
...learn about banking and also earn a better return on their investments if they linked up with established financial institutions. Starting about 1976, a number of partnerships were created, including the Saudi International Bank. Union des Banques Arabes et Franchises and the European Arab Bank. At the same time, Morgan Guaranty, Citibank and Chase Manhattan launched joint ventures with Middle East moneymen and began teaching scores of young Arabs complex arts like organizing loan syndicates on the Eurodollar market...
...University of West Virginia Medical Center in the coal-mining center of Morgantown, Dr. W. Keith Morgan and his colleagues examined 200 miners who had claimed black lung benefits. Only eight qualified by existing compensation criteria; they had somewhat impaired breathing ability. Even so, none showed any indication of progressive massive fibrosis, a stiffening of lung tissue that doctors regard as the true sign of permanent disability...
...Morgan notes that the eight miners were smokers or ex-smokers and suggests that tobacco, not coal dust, was the real culprit. In an editorial accompanying the report in the Journal of the American Medical Association, Editor William Barclay is even blunter: "The taxpayer will be penalized twice; first in subsidizing those who grow tobacco and then in compensating coal miners who smoke tobacco...
FICTION: A Gentle Occupation, Dirk Bogarde ∙Falling in Place, Ann Beattie ∙Finding a Girl in America, Andre Dubus ∙Doctor Fischer of Geneva or the Bomb Party, Graham Greene ∙Joshua Then and Now, Mordecai Richler ∙Morgan's Passing, Anne Tyler ∙Preparations for the Ascent, Gilbert Rogin