Word: paule
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Dates: during 1980-1989
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...their financial systems, the playing field for the international investor is not always a level one. Last week Britain and the U.S. took a major step toward smoothing the surface. The two countries proposed a uniform set of rules to govern banks' capital reserves. Federal Reserve Board Chairman Paul Volcker called the pact a "breakthrough...
...surrounded by a claque of admirers, an entourage of curious and often comical characters. He is gratified by his friendships with the famous and the powerful, and in his office in New York City there are prominently displayed pictures of himself with Ronald Reagan, Henry Kissinger and Pope Paul VI. At Christmas in Marbella, a gaggle of lesser European royalty partook of "A.K.'s" hospitality. Among them was Count Jaime de Mora y Aragon, the brother of the Queen of Belgium, a rakish fellow with a monocle and a waxed mustache who comes across as a blue-blooded Salvador Dali...
...bull market has a father and protector, the honor can be claimed by Federal Reserve Chairman Paul Volcker. When the Dow hit a trough of 776.92 in August 1982 and the economy seemed hopelessly trapped in a recession, Volcker and his colleagues at the Fed were convinced that interest rates had to come down. No sooner had they loosened monetary policy than investors came storming back into the market. And as interest rates kept falling, the bulls kept buying. By November 1983 the Dow had reached a high of 1287.20. For the next year, the index more or less stagnated...
SENIOR WRITERS: Ezra Bowen, George J. Church, Gerald Clarke, Richard Corliss, Otto Friedrich, Paul Gray, Robert Hughes, Gregory Jaynes, John Leo, Ed Magnuson, Lance Morrow, Frederick Painton, Roger Rosenblatt, R. Z. Sheppard, William E. Smith, Frank Trippett...
...Ramp (Deputies); Arthur Hochstein, Renee Klein, Leonard S. Levine, Billy Powers, Barbara Wilhelm (Assistant Directors); Carol March (Designer); Nickolas Kalamaras Layout: Steve Conley (Chief); John P. Dowd (Deputy); Angel Ackemyer, Stefano Arata, Joseph Aslaender, David Drapkin, James Elsis, Jay Petrow, Nomi Silverman, Kenneth Smith, Eugene Tick Maps and Charts: Paul J. Pugliese (Chief); Joe Lertola, E. Noel McCoy, Nino Telak, Deborah L. Wells...