Word: stockings
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Dates: during 1980-1989
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...three horsemen could cause calamities like the stock market crash it is this cast of characters. They offer every tired cliche that has been marketed by a dozen writers for the yuppie generation. For fans of Tama Janowitz, Fran bewails her inability to leave Paul because she'll be without a decent place to live. For Jay McInerney aficionados, there's cocaine. For the fashion-conscious, there's braces. And of course, we couldn't forget the piped-in classic hits that accompany each scene change...
...serious concern for moral standards. The problems of South Africa are far too tragic and inflammatory to escape bitter controversy, whatever a university decides to do. Student activists will claim that officials who oppose total divestment are insensitive to the injustices of apartheid, while conservative critics insist that selling stock is only an empty and expensive gesture to appease irresponsible radicals. In this atmosphere, divestment can easily acquire such emotional, symbolic importance that is difficult to examine the issues with the objectivity they deserve. In such circumstances, the only hope is to try to convince as many people as possible...
...helping promote the Iraqi pipeline. Senate investigators traced some of that money to an investment account that also held $52,000 of personal savings by Meese. This commingled fund was managed by a Wedtech director, W. Franklyn Chinn, whom Wallach had introduced to Meese. At times Chinn bought more stock in Meese's name than Meese's investment could pay for, and the deals produced a profit of $40,000 for the Attorney General. The arrangement, according to a Justice official, could be seen as an indirect payoff to Meese...
...struggle has become more desperate than ever in 1988, with the five-year economic expansion losing momentum. Few economists predict an outright recession this year, but the long-running consumer spending spree is expected to taper off considerably. While consumers seem to have taken the stock-market crash in stride, they are becoming worried about the debt load they are carrying. Result: the overabundant department stores, discount outlets and specialty boutiques will be fighting ever more fiercely for consumer dollars. Says Bernard Brennan, chairman of the Montgomery Ward chain: "There's no question about the upheaval in the industry...
ALREADY, the economic policies of the Reagan era have redistributed $129 billion in income from the poorest 90 percent of the nation's families to the wealthiest 10 percent, as Robert Kuttner points out in The New Republic. Although the stock market has more than doubled in real value since 1981, the wealthiest 10 percent of people own 90 percent of all stock, 88 percent of all bonds, and 95.4 percent of all trusts. At the same time, the amount of revenue brought in from corporate and income taxes on the top incomes has actually dropped. America's poorest have...