Word: shores
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...form of trading known as portfolio insurance. But since the crash, they have been called speculative instruments that can whipsaw the market as a whole. Many experts argue that Black Monday's cataclysmic spiral was triggered by a panic sale of index futures by managers trying to shore up their holdings...
...keep stocks from going into free fall. One proposed reform would raise the capital requirements for Big Board specialists. Another would assign more than one specialist to each stock, as is now the practice in the over-the-counter markets. OTC market makers thus have more money available to shore up prices. But they also have less accountability. It has been charged that in the market meltdown many over-the-counter brokers simply knocked their phones off the hook...
...cobbled together loans worth $512 million to support the financial center's imperiled stock-futures market. The Communist government in Beijing, which takes control of Hong Kong in 1997, was quick to pitch in $42.7 million for the loan package and was reported to be buying equities to help shore up stock prices. Colonial authorities are reviewing exchange rules, yet there are fears that the colony's reputation as a freewheeling but reliable financial center may be permanently damaged...
...four miles out to sea when, according to some survivors, its two outboard motors exploded. Since most of those aboard were unable to swim, many probably drowned within a few minutes of the accident. But others, either swimming or clinging to hastily emptied floating gasoline containers, tried to reach shore...
Besides Rubio, at least 20 other passengers were known to have reached shore. Still others may have made it to safety unnoticed. But Cabral estimates that as many as 70 of the shipwreck victims drowned or were eaten by sharks. Given the heavy volume of illegal Dominican immigration to Puerto Rico, a tragedy was almost inevitable. Indeed, hundreds of inhabitants of the impoverished Caribbean nation have perished on the dangerous 90-mile journey across the Mona Passage between the two islands. Most of the dead are victims of fierce tropical storms or unscrupulous sea captains who take their passengers' money...