Word: prop
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Dates: during 1980-1989
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...England select stars Mike Gibbs (scrum-half), Nathan Koenig (fullback) and Jon Diorio (reserve prop) lead the long list of returnees from last year's 10-10-2 (4-5 fall, 6-5-2 spring) squad...
...Another prop under the surging market is the widespread expectation that the economy is likely to enjoy some further, though modest, expansion. The - business advance that began in late 1982, shortly after the birth of the bull market, is reaching late middle age by historic standards. Since World War II there has been only one, during the 1960s, that lasted longer. Nonetheless, the consensus among Government, business and stock-market economists is a prediction of slowly growing production, rising corporate profits, a fairly small increase in inflation and relatively stable interest rates at least through most of 1988. One somewhat...
...home to make a Texas-size fortune. Starting with about $10 million, he and Barnes built a real estate empire worth an estimated $300 million by 1983. But the oil bust sent the value of the partners' holdings into a free fall. Over the past year Connally tried to prop up the business by selling personal assets, including 126 prized Thoroughbreds and quarter horses that he reluctantly auctioned off for nearly...
...April, the yield on 30-year U.S. Treasury bonds jumped from 7.5% to 8.5%, a remarkably swift rise. By the end of last week, yields had surged to 8.9%, the highest level in 15 months. The Federal Reserve Board allowed rates to climb in order to prop up the dollar. Higher interest rates bolster the U.S. currency by making dollar-denominated investments more attractive to foreign investors...
...frantic support operation was going on in Washington last week, but it may not be enough to prop up a large part of the $1.1 trillion U.S. thrift industry. By a 402-to-6 vote, the House of Representatives approved a $5 billion cash infusion for the Federal Savings and Loan Insurance Corporation, backstop for the country's 3,200 federally insured savings and loan associations. That would almost, but not quite, bring the FSLIC back to being merely broke; last year the fund was $6 billion in the red by normal accounting methods. Normal accounting, however, has long since...