Word: rosee
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Dates: during 1980-1989
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...briefly pushed past 2700 only three days later, on Thursday afternoon, and again on Friday before pulling back a bit to close at 2685.43. Nonetheless, at that level it posted a record gain of 93.43 for the week. The irrepressible market took in stride news that the trade deficit rose 12%, to a towering $15.71 billion in July, and it was buoyed by a report that wholesale prices increased at an annual rate of only 2% last month. Stock-trading volume was enormous; Tuesday's New York Stock Exchange turnover of 278 million shares was the second biggest ever...
...percentage terms, the 246% jump has been exceeded three times: by a 496% run-up in the eight years before the 1929 crash, a 371% recovery from 1933 to 1937 and a 355% climb between 1949 and 1961. But all those bull markets rose from far lower price levels; in dollar terms there has never been anything remotely resembling the current market binge. The Wilshire Index of the combined value of 5,000 stocks has climbed $2.2 trillion in the past five years, equal to half the U.S. gross national product of $4.4 trillion...
...skies marked the first encounter between U.S. and Iranian forces since Khomeini took power in 1979. The incident occurred while a U.S. P-3 Orion reconnaissance plane and two F-14 Tomcat fighters were flying over the Persian Gulf toward Oman. Suddenly two aging F-4 Phantom jets rose up from Iran's Bandar Abbas air base, near the Strait of Hormuz, and streaked toward the American planes. The Iranians kept coming even after two more Tomcats swept down from a higher altitude and tried to warn them off by radio. One of the Tomcat pilots ordered his weapons officer...
...York is the only city in the globe that has had to grapple with issues like democratic culture. That is because other cities are either without culture, or too small to mount significant opposition to the intellectual factories known as universities. Bender shows that each New Yorker who rose to prominence had to reconcile abstract ideas with the events of world, had to make expertise and democracy walk hand in hand...
Another remarkable record of consistency has been notched by Edith Pargeter, a prolific British writer and translator (of Czech poetry, among other pursuits). Under the nom de crime Ellis Peters she has produced The Rose Rent (Morrow; 190 pages; $15.95), her 13th highly evocative novel about Brother Cadfael, a 12th century monk in the abbey town of Shrewsbury. Like his 20th century soulmate, Father Brown of the G.K. Chesterton stories, Cadfael attractively suggests that the highest act of faith is the use of reason. Robert Barnard, whose mordantly funny one-off mysteries are as good as any currently being produced...