Word: stockings
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Dates: during 1980-1989
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...birthday of the Statue of Liberty, Reagan had seemed the most popular President in years. But after a steady flow of congressional hearings on the Iran-contra arms scandal, of war threats in the Persian Gulf, of huge budgetary and trade deficits, of a declining dollar and a crashing stock market, his own stock fell. A CBS/New York Times poll at the end of November reported that 45% of the citizenry approved of the way Reagan was doing his job, down from 52% only six weeks earlier...
...kept company with a "reconciliation bill" that detailed the tax hikes and spending cuts decreed by a White House-Congress summit last November to cut the deficit by some $76 billion over two years. Despite its elephantine size, the final product may have but a mousy impact on a stock market struggling to recover from Black Monday...
...reopen until Jan. 22, and even then production will be cut back by two-thirds. The slowdown is the result of Porsche's overreliance on the American market, which absorbed about 60% of the company's production in 1986. But 1987 sales slowed to a crawl because of the stock-market crash and the decline of the dollar against the West German mark...
...many Americans who were hurt in the Crash of '87, few feel as let down as the millions who invested in stock mutual funds. Their money, after all, was in the hands of savvy professionals who, if they saw a disaster coming, would take the necessary precautions to ease the blow...
Some of the year' s most unforgettable photographs focus on a superpower summit, a stock- market panic and a congressional probe into a scandal that shook a government. Others are on a more human scale: a Pontiff embracing a young AIDS victim, a preacher fallen from grace, a wide- eyed little girl rescued from a well in Texas. All are presented in a 24- page portfolio...