Word: stockings
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Dates: during 1980-1989
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...Washington bureau chief. "Reporters usually follow the news. You've worked it out so that the news follows you." Indeed, no sooner had Cloud taken on the job in June than the biggest stories of the year rushed out to welcome him, including the Iran-contra hearings and the stock-market crash. With Bureau Chief Strobe Talbott, Cloud was responsible for deploying 17 correspondents to cover those events, as well as the unfolding 1988 presidential sweepstakes...
...this theory on for size: people value money desperately because they value one another desperately; thus the cause of panic in the recent stock-market plunge is not that people will lose their dollars but that they will lose their sense of community. Did someone holler, "Crackpot!"? But look...
Even before the stock-market crash last month evoked fears of a recession, some 20 million people in the U.S. were going hungry on a regular basis. So says Hunger Reaches Blue Collar America, a report released last week by the Physician Task Force on Hunger in America, a public health advocacy group. Using government figures and its own survey of some 25 depressed areas in eight states, the task force concluded that despite steady economic growth, 32.4 million people live at or below the federal poverty level ($9,069 for a family of three), and many of them rely...
While Wall Street whipsawed wildly last week, America's companies tried to maintain their composure. Though many corporate executives were rattled by what has happened to their firms' stock, and their own personal wealth, since August, most were determined to stay calm and not make any rash moves. Almost no one rushed to slash production or shelve capital-spending plans. But many companies began taking a hard look at their operations, realizing that further market declines could bring on a recession. For companies that had been planning to issue new stock or for young firms hoping to go public...
...prominent auto analyst with Furman Selz Mager Dietz & Birney, a Manhattan-based investment firm, predicted that U.S. sales of cars and trucks would fall about 15% next year, to 9.5 million vehicles. One reason for her gloomy forecast, she said, was that the loss of wealth caused by the stock- market decline would have a "significant effect on consumer confidence and the ability to spend...