Word: pace
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Dates: during 1980-1989
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...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 a nightmarish 190.58 points, or nearly 7%, to close...
...this year's rally has rested on some shaky foundations. Chief among them is the relentless pace of corporate takeovers, which enriched everyone on Wall Street, from stockholders to investment bankers. But the buyouts have been fueled by financing from a junk-bond market that was severely weakened last month when Canadian developer Robert Campeau nearly defaulted on $1.27 billion of debt payments on loans that he had used to acquire Allied Stores and Federated Department Stores. In the wake of Campeau's problems, the money for new takeovers has begun...
Whether the motif is jazz or swing, classical or ragtime, there is one constant in the films of Woody Allen: good music sets both the mood and the pace. The meticulous attention to scoring is no coincidence. Comedian Allen is deadly earnest when it comes to music, especially the New Orleans jazz style he favors most...
Such is the pace of political change in Hungary these days that last year's political blasphemy is this week's new truth. In keeping with the wholesale undoing of the past, the ruling party, formerly known as the Hungarian Socialist Workers' Party, is no longer officially Communist. At a five-day congress that ended in Budapest last week, 1,274 delegates voted overwhelmingly to take the Communism out of socialism and become the Hungarian Socialist Party. They also sent hard-line General Secretary Karoly Grosz into political oblivion and repudiated much of four decades of Communist rule, including...
Nonetheless, the two sides are still far apart on such basic issues as the pace of change and who will speak for the black majority. The clergymen handed De Klerk a 13-point agenda for reform demanding that the government lift the state of emergency and free the hundreds of remaining political prisoners, and then within six months abolish apartheid laws and begin negotiations on a new South African constitution with the A.N.C. "If we were to get that kind of commitment," Tutu said, "we would be ready to say to our friends, 'Put your sanctions programs on hold...