Word: recording
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Dates: during 1980-1989
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...their biggest monthly drop in three years, which signaled that inflation is ebbing. During the same month, retail sales rose 0.9%, a surge that reassured investors that the economy has not stagnated. Before closing at 2683.99 for the week, the closely watched index briefly topped the all-time record of 2722.42 it set on Aug. 25, 1987. That was the heady peak from which the Dow began its steepest slide in history, culminating in the 508-point crash...
...fact, has been at the back of the thundering herd of market indexes, partly because it is made up of blue-chip issues favored by relatively conservative investors. Broader market indexes including Standard & Poor's 500 and the Wilshire 5,000 had already reached all-time record levels by early August. Says Justin Mamis, chief strategist for the investment firm Cowen & Co.: "All the Dow can do now is put the lipstick on." The allure of stocks is broadening rapidly as more and more investors join the stampede, which is demonstrated by the big increase in the market's volume...
...most of the stock buying has been done by corporations through stock-repurchase programs, mergers, leveraged buyouts or employee-stock- ownership plans. All told, such buybacks have reduced the supply of shares on the market by a record $94 billion during the first half of the year, or nearly 4% of all outstanding stock. The buyout of RJR Nabisco alone took $25 billion worth of stock off the market, while the acquisition of Warner Communications by Time Inc. will reduce supply by another $14 billion...
Although colleges in general have a lackluster record of attracting and holding minorities, a number of programs are starting to chip away at the problem. In some areas, college-public school partnerships seek to get minority students thinking about higher education at an early age and to nurture that goal through high school. "Once kids have the fever for college, you can do a lot of good," says Nathan Potts, principal of West Side High School in Newark, which was "adopted" by Ramapo College of New Jersey...
...hurt in commercial or career terms to be able to create a great part for a white male" -- Hwang struggled to find a structure that would keep his audience at a comfortable distance from the sexually threatening story line. One day, as he was driving past a Los Angeles record store, he recalled the opera whose title he and his friends so scornfully invoked in college. "I hit on the idea of deconstructing Madama Butterfly, and popped in on impulse. As soon as I looked at the libretto, I knew it would be fine." He finished a draft...