Word: stockings
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Dates: during 1980-1989
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Critics suspected that the exchange was closed in a desperate effort to minimize members' losses. If that is true, the strategy did not work. Had the government not jumped in with $512 million in emergency loans, 39 of the 250 stock-index futures dealers might have failed. A brokerage that Li controlled took a terrible beating during the crash. As stock values plummeted, Li's personal fortune, estimated at $2 billion, may have dropped to $1.3 billion...
...inherited a family business that included shipping interests, multiplied his money through astute investments in stocks and real estate around the world. He helped set up the Far East Stock Exchange in 1969 and then merged it with three similar operations in 1986 to form the Hong Kong Exchange. Critics say Li has run the operation as a club for a small group of Hong Kong businessmen. Reports have circulated, for example, that preferred investors have been able to buy new issues at artificially low prices...
...keeps the reins of power tightly in his hand. No matter where he is, he is often on the phone to the staff at his London-based production company, the Really Useful Group, or to one of the small number of theater professionals who make up his de facto stock company, among them Producer Cameron Mackintosh, Lyricist Black and Directors Nunn and Prince...
...music- publishing company, a record division, a video company, Aurum Press and the Palace Theater London Ltd., the last a separate entity that currently houses the London production of Les Miserables. Lloyd Webber is a nonexecutive member of the board (so is Rice) who owns about 40% of the stock but is not actively involved in management. When the company went public two years ago, he netted $20 million. He is also the company's prime asset: this is the third year of a seven-year contract under which anything he writes has to go to the Group...
That was big news. Big news elsewhere, though, often doesn't seem quite so pressing in Ellsworth. The October stock-market crash got one sentence last fall; the blueberry industry, a mainstay of the region, got a five-part series. But nothing is read more closely than the court page, a list of everyone caught speeding or driving tipsy or lobstering without a license. "I want to see if any of my buddies are in there," says Carmen Griffin, a waitress at the Pineland Diner on Main Street. It may be a yawn in Portland, Me., but in Ellsworth...