Word: riche
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Dates: during 1980-1989
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Wall Street was in a panic today, with no one to guide it out . . . Selling was at a furious pace . . . News to noonday had been quite cheerful, but it was not sufficiently encouraging to stem the tide of frantic selling, which came from all parts of the world, from rich and poor alike . . . The demoralization of the market was complete . . . Many speculators lost all their money . . . The senior partner of a leading exchange house described the situation as "pitiable." Brokers had weeping women in their offices, and in some instances weeping...
...distribution of income has tended to wind up unevenly slanted toward the rich. In 1929 1% of U.S. families held 36.3% of the wealth; the proportion fell as low as 20.8% in 1949 but rose back to 34.3% by 1983, Economist Batra notes in The Great Depression of 1990. That disparity is dangerous, he contends, because banks with idle money are tempted to make shaky loans to financially strapped customers, while the rich tend to make increasingly risky investments in search of ever larger returns...
...Hendu has struck out far more often than he has homered. Roger Clemens and Rich Gedman began the season late after holding out for more money. Oil Can Boyd shoulder was hurt. Jim Rice forgot how to hit home runs--much less anything else. Calvin Schiraldi continued to throw meatball pitches right over the plate. The upshot of all this was that the Red Sox were never even in contention, dashing the expectations of fans all over New England...
...classes that I missed out on some of youth's simple pleasures--lawbreaking and endangering life and limb. I feared lighters, loaded guns, and Confederate flags, all best sellers at Southern fireworks outlets. When I got to college I couldn't even afford the reckless abandon of the rich kid--who discovers his parent's credit ceiling and breaks it buying drugs...
...transition isn't easy," rugby Co-Captain Scott Roberts said, "but Rich has shown it definitely can be done. He's a great guy and he fits in real well with the team...