Word: peaks
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Dates: during 1980-1989
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Less than a week before, the four-year-old bull market had hit a new Dow peak of 1919.71. But that made stocks increasingly vulnerable to a long- dreaded deep "correction." Once the slide started last Thursday, it picked up incredible speed because of so-called program trading -- computer- triggered waves of selling. By 11 a.m., the Dow had sunk almost 30 points. "It was remarkable," said Marvin Breen, a trader for Merrill Lynch. "I looked up at the screen, and it was down 20 points. Five minutes later it was down 30. Five minutes later it was down...
...they are building corn mountains on the ground in a desperate rush against nature's inexorable deadlines. Melvin Bell of Deer Creek stands these days and watches as his old corn is sprayed in a giant stream 40 ft. into the air to shower down and create another glowing peak that can be seen for miles across the tableland. "They say McDonald's has the Golden Arches," he chuckles. "We do better." Storing corn outdoors is risky. Bell lays down a sheet of porous polypropylene, adds gravel and lime, concrete containment walls, aeration tubes and fans. When he is finished...
...feet across the Charles River from Harvard's campus in Cambridge to Boston. Along the riverbank, a larger-than-life marionette of the university's natal benefactor, John Harvard, will prance to the music of a female samba group called the Batucada Belles. Saturday night the fete will peak in a pyrotechnical dazzle put on by Tommy Walker, who helped stage the finale of the Statue of Liberty centenary. Skyrockets will spell out the name JOHN HANCOCK -- one of eight Harvard men, thank you, who signed the Declaration of Independence -- and at the climax a 700-sq.-ft. Harvard logo...
...still near the peak of the summer travel season, but an eerie silence reigned last week in Concourse D at Denver's Stapleton International Airport. Nearby, the entire 42-aircraft passenger fleet of Frontier Airlines sat grounded. In the terminal building, there were occasional scenes of chaos as anxious Frontier passengers, left stranded by a sudden shutdown, scrambled to find other airlines that would accept their tickets. As the paralysis wore on, groups of Frontier's 4,700 employees huddled in airport corridors and union halls to glean the slightest rumor of their fate...
...delays for every 1,000 takeoffs or landings. Other laggards include New York's La Guardia (91 delays per 1,000 operations), Boston's Logan (72), New York's Kennedy (71), San Francisco International (62) and Chicago's O'Hare (48). Delays have become so routine during peak travel hours that AT&T advises its executives flying to meetings to allow an extra three hours' traveling time...