Word: routs
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...part composed of junk bonds. That disclosure sparked the market's worst drubbing since the Crash of 1987, as traders rushed to dump their holdings. During the week, junk-bond issues fell in price by $10 to as much as $130 for each $1,000 in face value. The rout left Wall Streeters wondering whether the securities that had fueled the decade's wave of takeovers and buyouts might be headed for a long-term crisis of confidence...
This was a classic rout...
Full Slate: In other action this weekend, the Harvard women's soccer team opens its season against Columbia in New York tomorrow. Five different players, including this year's Co-Captain Jen Gifford, scored in last season's 5-0 rout of the Lions. Columbia was outscored 23-0 in its six Ivy games last year...The Harvard men's soccer team, which shut out MIT, 4-0, Wednesday, also opens its Ivy League season Saturday against Columbia. With Derek Mills--who scored the Crimson's only goal in last year's 1-0 whitewash of the Lions--playing...
...Crimson looked strong in its season opener, dominating an over-matched MIT squad from the opening kickoff to the final whistle en route to a 4-0 rout of the Engineers...
...willingness to shoulder the party's disgrace did not disguise it. If Japanese analysts could not agree last week on the potential consequences of the voter backlash, they did concur on the causes of the L.D.P. rout. The vote amounted to a referendum on the party's arrogant and scandal-tainted performance in recent months. The downslide began with a bribery and influence-peddling scandal that forced the resignation of Prime Minister Noboru Takeshita last April. The L.D.P. further alienated voters, especially women, by imposing a controversial 3% consumption tax. In agreeing to liberalize agricultural imports, the party angered farmers...