Word: postcrash
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...traffic-safety measures have been put on the back burner. In spite of an increasing number of cars and drivers, governments here don't put a high priority on establishing safer traffic systems. Red tape has further slowed any progress. Some steps that should be taken are developing better postcrash medical treatment, creating safety awareness among drivers and stringently enforcing safety rules. Let the road lead its users to their destinations rather than to the gates of heaven. Arvind K. Pandey Allahabad, India...
What happens now? As every trader knows, we have to retest the ugliness of last Monday before we have the cathartic capitulation. In fact the rest of the week unfolded in textbook irony, almost exactly like '87's postcrash aftermath. Which means we are probably a few more days away from a bottom. How will you know? Easy: business will be back on the business pages where it belongs, and talk of a year-end rally will fill the air. And the only people still at the corner of Broad and Wall at 6 a.m. will be selling coffee...
...riverside drive, Paul could have picked up speed. How much speed? Initial reports that the speedometer was frozen on impact at 120 m.p.h. are denied by the Fayed family, who say the speedometer was at zero. French police refuse to confirm officially either claim, and auto experts say the postcrash position of a speedometer needle is an unreliable indicator of a car's final velocity. Partly on the basis of the condition of the car at impact, police speculate that the Mercedes arrived at the tunnel entrance--where the roadway bends and dips sharply to the left--at between...
...mishaps in its diversified pursuits. The chief money drain has been its Shearson Lehman Bros. investment arm, which suffered mightily from its $962 million takeover of ailing and scandal-ridden E.F. Hutton in 1988. Shearson is just now starting to show signs of recovery from Wall Street's postcrash slump. Amex had hoped to flee the securities business, but after failing to find a buyer for Shearson, Amex injected $1 billion in capital to restructure the firm...
Iowa bar officials arrived at the scene of the Sioux City crash nearly as fast as the doctors did. They were determined to head off a well-known postcrash problem: unscrupulous lawyers soliciting clients on the scene in violation of ethics codes. Representatives of the state bar set up an office at the health center where many of the survivors had been taken for treatment. Bar officials also placed an ad in the Sioux City Journal asking people to call if they knew of any unethical contacts by attorneys. None were reported...