Word: sank
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...stocks headed back to the lows of mid-November, when the Dow sank to 7552? A further decline of 5% or so from Thursday's lows would put the market back near the November bottom. For stock-market technicians, a so-called double bottom, or return to prior lows, can be a healthy sign of base-building, which can set the stage for a sustained advance. But there are special risks related to any such swoon this time around: Bank stocks are among the market's weakest, and a further drop in their shares could place these institutions in jeopardy...
...moment, there was silence, and then pandemonium. Commuters watched helplessly as the plane quickly sank beneath the ice floes; only its tail remained visible. A few passengers bobbed to the surface; some clung numbly to pieces of debris while others screamed desperately for help. Scattered across the ice were pieces of green upholstery, twisted chunks of metal, luggage, a tennis racquet, a child's shoe. On the bridge, a red flatbed truck with a 20-ft. crane was knocked on its side; the arm of the crane swung over the water. Two of the cars were flattened like...
...Perhaps appropriately, the Normandie ended its days in New York. While being refitted as a troop ship in 1942, it caught fire, capsized and sank in the Hudson River at 47th Street. At war's end it was sold for scrap. But along with other reminders that the two great cities were once joined at the hip of all that was hip, the Normandie lives on in wood, silver and memory. Rivalries end, style endures...
...prize money has touched people from all walks of life. In 1930, for example, as the world sank deeper into the Great Depression, part of that year's biggest prize of 30,000,000 pesetas (about $3 million) went to a garage owner and his mechanics, who had all chipped in 22 cents to gain about $1,600 each. A portion of the fourth largest prize, about $100,000, went to Ramon Franco, the brother of Francisco Franco, who would later become Spain's long-reigning dictator. The game has had its share of critics as well: Spanish households spend...
...spate of incidents wasn't limited to the U.S., either. When communism crumbled in Eastern Europe, one of the earliest side effects of free-market capitalism was the proliferation of people looking to get rich quick. In Albania, under Communism the poorest nation in Europe, citizens sank some $1.2 billion dollars into pyramid schemes in 1996. When they collapsed the following year, investor outrage brought down the government...