Word: shores
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...trading of large blocks of stocks and stock-index futures. The debacle raised anew questions that have been hotly debated since October: Is the new high-tech volatility of stock prices out of control? Are investors vulnerable to a crash at any time if reforms are not undertaken to shore up the market's stability...
...FATAL SHORE by Robert Hughes. An indefatigably researched and uncompromising history of Australia that lays bare that nation's buried origins as a penal colony. Hughes is the art critic of TIME...
Besides rekindling the threat of U.S. inflation, the strategy has angered other industrial countries. West Germany and Japan, in particular, fear that their economies will be crippled by the escalation of their currencies against the dollar. Finally last week Reagan seemed determined to shore up the dollar once again. As he posed for photographs with Israeli President Chaim Herzog, the President was asked about the currency's future direction. "I don't look for a further decline," he said. "We're not doing anything to bring it down." Those words immediately acted like a parachute on the dollar's drop...
...numero of the Daily when they happened to rest on Higginson Snotbottom's numinously scriptatory editorial effusion, "Why Daily Pensters Don't Wear Clothes." I fear they rested but a moment, a soi-disant hermeneutic flicker in my day, since at the time I was on the ship-to-shore phone, advising my good friend Bob Bork on possible mano-a-mano means of unmanning (were this necessary) the mewling catamites of the Left. Simultaneously I was correcting National Review galleys, sipping a very adequate Chateau Lafitte '41, playing a gripping game of trans-Atlantic telephone chess (on the other...
...shore up the markets and keep the dollar from diving too far, the Administration must achieve two other goals of its complex strategy -- a major budget-deficit reduction and better economic-policy coordination with West Germany and Japan. On those two fronts came small but potentially significant victories last week. Congressional leaders and Administration officials reached an apparent breakthrough in their special deficit-cutting summit, in which they have been struggling for two weeks to compromise on a minimum of $23 billion in reductions. For the first time, Republican leaders came up with a proposal containing tax increases that President...