Word: setback
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Dates: during 1980-1989
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Nonetheless, some countries remain undeterred. Mediobanca, the leading Italian merchant bank, with assets of $130 million, is still expected to go on the block sometime next year. In Britain, despite the BP setback, Chancellor Lawson last week predicted that privatization would go "from strength to strength." The next item of government business is privatization of Britain's $76 billion worth of electrical utilities...
Following an emotional setback at Cornell a few weeks back, Harvard rebounded to collect consecutive league wins over Dartmouth and Princeton...
...think it was a diplomatic setback, and whether it was a maneuver or not, I wouldn't have an answer to that," Reagan told European television correspondents...
...originally budgeted at $973 million and scheduled to operate by 1979, but Seabrook's cost has reached $5.5 billion, and the opening has been repeatedly postponed because of construction delays and environmental protests. Seabrook came within a few months of being started up last year, when it suffered another setback: Chernobyl. The meltdown at the Soviet nuclear plant in April 1986 prompted Democratic Governor Michael Dukakis of Massachusetts to block the opening by refusing to participate in an evacuation plan for the area within a ten-mile radius of the plant. Last week, however, the Nuclear Regulatory Commission's staff...
...Street was more aptly dubbed an "October massacre." Turmoil and outright fear shook the financial markets as stampeding hordes of investors got caught up in a mood that had been almost absent during the go-go 1980s: bearishness. Over the course of less than two months, in the worst setback since the bull market began five years ago, the value of U.S. stocks has plunged by nearly half a trillion dollars...