Word: stockings
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Dates: during 1980-1989
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Same Old Simon. Despite the unorthodox look of the management, this stock continues to gain, especially among investors who remember the Depression...
Monday's frightening plunge in stock prices posed an immediate dilemma for the candidates: what to say and when to say it. Most Democrats erred on the side of caution, preferring not to be seen as gloating over the partisan advantage to be reaped from the economy's distress. The economic crisis seemed a tonic to Michael Dukakis; he projected a confidence rarely seen in the weeks since his campaign was rocked by disclosure of its role in leaking a tape that helped sabotage the candidacy of Joseph Biden. Dukakis' public words were a careful mixture of reassurance and assault...
...intricacies of the market crash in almost textbook fashion: he lectured a sleepy high school class in Sioux City, Iowa, on the global economy, complete with chalk diagrams. Gore jettisoned his standard text and went after the President with lines like "What crashed on Monday was not only the stock market but Reaganomics as well." Still, Bruce Babbitt remains the only Democrat to confront the deficit boldly, especially with his underdog challenge to middle-class entitlement programs...
...event, Iowa voters were in no mood to be patronized on the economy, as Pete du Pont learned to his mild distress. Visiting a weekly newspaper in Onawa, du Pont depicted the stock market crash as a "vote of no confidence" by millions of small investors who did not like the presidential front runners in either party. Loren Sawyer, 27, whose mother publishes the paper, was not about to let that comment pass unchallenged. "I didn't know small, grass- roots investors pulled out," said Sawyer. "I thought it was the investment banks and large firms that panicked." Du Pont...
...sinking: E.F. Hutton; Merrill Lynch; First Boston; Goldman, Sachs. Speculation swirled so briskly around Hutton that President Robert Rittereiser had to assure employees that the firm's financial resources were "strong and fully adequate." Though similar reassurances echoed up and down Wall Street, they left many doubts. As the stock-trading chaos continued, what would happen to the $50 billion American securities industry...