Word: shaken
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Dates: during 1980-1989
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Aftershocks from October's stock crash rumbled through Wall Street last week as several shaken brokerage houses took steps to bolster their financial health. First, Paine Webber agreed to sell up to 25% of its stock to Yasuda Mutual Life Insurance of Japan for $300 million. The brokerage, which lost $16.5 million in October, welcomed the investment as a defense against takeovers...
That was hardly an auspicious start for the man the 50-member council finally, at 4 a.m., elected Chicago's acting mayor. Normally calm and courtly, Sawyer was so shaken by the twelve-hour wrangle that he considered pulling out of the contest. He feared not only that he could not unite blacks but that the rising emotions might turn violent. Five aldermen supporting Sawyer said they had received death threats; at least one wore a bulletproof vest during the wild debate. But after asking ministers to pray with him in an upstairs office, Sawyer decided to stay...
Recent layoffs at large firms have also shaken student confidence in the banking field. Shearson Lehman Brothers bought E.F. Hutton this week and Business Week reported that many of E.F. Hutton's 18,000 employees will be "redundant" when the two corporations merge. Salomon Brothers lad off 800 workers this fall, Citicorp eliminated 1000 positions or one-tenth of their total employment, and Kidder Peabody also laid off 1000 workers...
Until now. At the age of 44, Robertson has shaken the dust off and made his first solo album. Two Band colleagues show up on two cuts for the sake of old times. There are also hefty contributions from U2, Peter Gabriel and the BoDeans, and stylistic echoes as diverse as Tom Waits and David Byrne. But Robbie Robertson is unmistakably his work. He says it best himself on the last cut, Testimony: "Bear witness, I'm wailing like the wind/ Come bear witness, the half-breed rides again." So step right up and welcome him home...
BUSINESS: Shaken by scandals, the U. S. cracks down on technobandits...