Word: peaks
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Dates: during 1970-1979
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John P. Huchra, lecturer in Astornomy and a staff member at the Harvard-Smithsonian Center for Astrophysics (CFA), along with Marc Aaronson of the University of Arizona and Jeremy Mould of the Kitt Peak (Ariz.) National observatory, conducted the research that led to these conclusions. Aaronson attended graduate school at Harvard from...
...seen through the eyes of Arthur's older brother Hall. Hall recounts Arthur's involvement with the Civil Rights Movement, Julia's fall from the ministry and subsequent exploitation by her father, Arthur's homosexual relationship with Julia's pianist brother Jimmy, and Arthur's mysterious death at the peak of his fame. The novel reads as if authored by Hall in an effort to understand his brother's life as an artist, in order to legitimize his need for art in a rapidly changing society. Though Baldwin halfheartedly attempts to detach himself from the character of Hall...
...across the country rushed to sell, trading volume soared to an unprecedented 16,410,030 shares,- the Dow tumbled another 31 points, to 230, and it was clear to almost everyone that something catastrophic had taken place. The Dow was down 151 points, or about 60%, from its September peak. When its wild plummet finally stopped in July 1932, the index was at 41, and the stocks it represented were worth around 12% of what they had been valued at in September 1929. All told, in three years investors lost more than $74 billion, which in terms of today...
That apparently ended the legal troubles that had dogged Cornfeld for seven years since the fall of I.O.S., which he started in the 1950s and built into the world's largest offshore investment com bine. At its peak in the late 1960s, I.O.S. managed assets totaling more than $2 billion in mutual funds alone; armies of I.O.S. "reps" rang doorbells everywhere to persuade people to put their savings into one or another of I.O.S.'s 130 in vestment outlets. Cornfeld, a onetime social worker, proclaimed that "everyone can be a millionaire." As if to prove it, he lived...
...whatever goes up must go up again. During one day, RCA-the IBM of its era-soared 40 points. In recent years, however, the stock market has had the blahs, reflecting national uncertainty about the future. This summer the Dow Jones industrial average had already declined 50% from its peak of 1051 in 1973, when adjusted for inflation. Concludes Economist John Kenneth Galbraith, author of The Great Crash, a study of the 1929 debacle: "It would be hard to find any buildup of speculative hubris that would make us as vulnerable as we were...