Word: stockings
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Dates: during 1980-1989
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When James J. Pak '88 thought about his plans after graduation, he considered applying for a job in investment banking. But because of the recent stock market crash, Pak says he will definitely not go into investment banking...
When Australian Raider Robert Holmes a Court spent more than $800 million to buy 9.6% of Texaco's stock for an average of $37 a share this year, many Wall Streeters applauded his gutsy vote of confidence in the bankrupt oil giant's chances for recovery. But after the October stock crash, Holmes a Court faced a severe cash squeeze. Sensing a distress sale, another renowned raider, TWA Chairman Carl Icahn, entered the picture last week. TWA bought about half of Holmes a Court's stake in Texaco for $348 million, or just $29 a share. The Australian's loss...
...Taking Stock: Paul Baverstock is on the rise in the late season. The sophomore midfielder broke open the three-way tie for second place on the Crimson scoring list with a pair of tallies against Adelphi. Baverstock now has seven goals and three assists for 17 points, three of them coming in Harvard's last three games...
...Christmas shopping season officially started last weekend, and Harvard Square proprietors are trying to stock up against the hordes of holiday shoppers who will crowd their stores in the weeks ahead...
...short, a close call. But the Journal article warns that the near disaster on the day after the dizzying crash "raises the specter that such a crisis could strike again." Perhaps most worrisome of all is that the stock market shot down on that Monday and up again on Tuesday without any compelling political or economic event serving as the trigger. Should a war, assassination or other crisis of serious proportions strike, no one really knows just what it might do to the world's shaky markets...