Word: rumors
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Dates: during 1980-1989
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...Telephone and Telegraph Co., was the breakdown of a Moscow computer that handles international calls. Although all telex lines and a few phone links continued to function sporadically, most Muscovites trying to reach an international operator were told brusquely to "please call later." Communications eventually were restored, but in rumor-rife Moscow, the event was unusual enough to prompt immediate speculation that a change of leadership, possibly involving ailing President Leonid Brezhnev, was in the works, even though there was scant evidence to support that conclusion...
...rumor was that Catherine had moved off campus after seeing what stiffs Harvard men are. Two-fifteen King's Road, Chelsea, London, after all. We staked out the Union, conducting table-to-table searches, Nothing. She eats only at French restaurants, someone suggested. She escapes from classes by limousine and spends weekends on Corsica, said another. She was murdered on the first day of Freshman Week by a jealous ex-lover. Some yuckster at the Freshman Register slipped in an old photo of Christie Brinkley for laughs. No one ever answered the telephone at 215 King's Road, Chelsea, London...
Knowing that a Mexican default could destabilize the entire global monetary system, the central banks of the leading industrial countries last week announced a new short-term loan of $1.85 billion. Continued unease about Mexico's finances and a rumor that Argentina is also close to default helped send the price of gold in London up $50 in two days last week...
...just before 8 one recent morning and immediately sat down to his regular staff meeting with two senior portfolio managers and two top traders. As an executive vice president of Chemical Bank, Rolland manages $11 billion in trust funds. One of his staffers told him that there was a rumor around Wall Street that Henry Kaufman, chief economist at the Salomon Brothers brokerage firm, had changed his forecast and was about to predict publicly that interest rates were coming down...
Rolland called a friend at Salomon to confirm the rumor, and then acted fast. By the end of last week, he had moved nearly $1 billion into the stock market. Says Rolland: "Once we made up our minds, we never looked back...