Word: stocked
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Dates: during 2000-2009
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...make bets on the country's debt. His investments eventually soured, however, and Duer's bankruptcy brought down much of New York's economy in 1792; he died a few years later in debtors' prison. (The charter members of the Buttonwood Group, the predecessor of the New York Stock Exchange, first assembled to formulate a response to that market crash.) Nineteenth century railroad magnate Jay Gould didn't try to hide his flagrant insider trading; profits from buying and selling stock in his own companies helped make him one of the wealthiest men in U.S. history...
...stock ticker - a machine that tracked financial data over telegraph lines and stamped it on strips called ticker tape for the sound the printing made - had barely been around two decades before Wall Streeters realized that throwing its ribbony paper out the window was a fun way to celebrate. They first did it on Oct. 29, 1886, inspired by the ceremony to dedicate the Statue of Liberty. The practice was still a novelty 10 years later, when the New York Times reported that office workers had "hit on a new and effective scheme of adding to the decorations...
...plow into the crowd on the sidewalk and cause "disaster." (A few years later, an overzealous reveler reportedly neglected to tear the pages out of a phone book and instead threw the whole thing out the window; it struck a passerby and knocked him unconscious.) By 1926, New York Stock Exchange officials had grown concerned about the cost of tossing miles of ticker tape out the window any time someone important came to town: they considered buying confetti to distribute to employees but decided against it. In 1932, another irate Times letter writer demanded that lobbing paper be "promptly...
...late 1960s, the stock exchange was upgrading to electronic boards, leaving them little use for ticker tape. The parades dwindled: there was only a handful in the 1970s and 1980s. The 1990s saw a brief resurgence: among the highlights was the 1998 fete honoring John Glenn for becoming the oldest person to go into space, at age 77. Coming 36 years after his first one, it put him in an élite club of multiple-parade honorees, including Amelia Earhart, Dwight Eisenhower and Charles de Gaulle. But there have been only two parades this decade - one for the Yankees fresh...
...This shift of focus partly explains why former British Prime Minister Tony Blair has seen his stock plummet - despite his celebrity, charisma and leadership qualities - since he was first mentioned as a contender for the job years ago. Now, the front-runners appear to be three low-key "fixers": Belgian Prime Minister Herman Van Rompuy, Dutch Prime Minister Jan Peter Balkenende and Luxembourg Prime Minister Jean-Claude Juncker. While all three may be somewhat bland and anonymous even in their home countries, they appeal to a growing number of E.U. countries - in particular the smaller ones - because they would excel...