Word: sound
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Dates: during 1980-1989
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...downs continued. The next day, U.S. Steel declared an extra dividend, the market took heart and the Times industrials gained 31 points. John D. Rockefeller, now 90, announced his optimism: "Believing that fundamental conditions of the country are sound . . . my son and I have for some days been purchasing sound common stocks." Retorted Comedian Eddie Cantor: "Sure, who else had any money left...
...White House lawn and in brief formal remarks issued through his spokesman, Marlin Fitzwater. On Black Monday, he blithely attributed the crash to "some people grabbing profits" accumulated during the market's long rise. In a statement after the close of trading, he said that "the underlying economy remains sound" -- unwittingly drawing another parallel to 1929, when Herbert Hoover said almost exactly the same thing. On Wednesday, Reagan remarked that the midweek rally indicated the Monday collapse had been "some kind of a correction" -- a statement that would have been reassuring only if he had intended it ironically...
...however, anything but an inspiring performance. The President repeatedly stumbled and seemed unsure of just what he wanted to say. Several times he slipped into well-worn denunciations of congressional Democrats before remembering that this time he was supposed to sound conciliatory. In his Saturday radio speech, Reagan once again called on Democrats to "remember that lower taxes mean higher growth," even while acknowledging that "all sides must contribute" to a budget-cutting package. The net impression was that in countenancing discussion of a tax increase he was doing something he felt he must, without any conviction...
...only 2.1% in September, less than half the 5.8% pace in August; the GNP grew at an annual rate of 3.8%, after adjustment for inflation, in the third quarter, up from 2.5% in the second quarter. Those figures seemed to indicate that the American economy, if not exactly sound in its fundamentals, was at least not deteriorating as drastically as the Black Monday stock-price collapse might have led an unsophisticated observer to believe...
...sound and fury, the attack on Rostam was mostly symbolic. Neither side suffered any casualties, and loss of the platforms will not have much effect on the Iranians' ability to interfere with gulf ship traffic. U.S. hard-liners and Kuwaiti officials were dismayed, in fact, that the blow had been so soft. Some analysts saw no alternative in the long run to taking out the Silkworms, whatever the dangers and logistical difficulties. "You either have to destroy the missile sites or give up the notion of protecting the ships," said Edward Luttwak, a Washington-based military analyst...