Word: swiftly
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Dates: during 1980-1989
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...miffed that coverage of a U.S. Open tennis match was running over. The result was an unprecedented six minutes of empty air time. The black screen was a humiliating symbol for TV's most troubled news division. But it turns out to have marked a nadir followed by a swift and surprising turnaround...
Baker has a new thought. "Presidents today cannot be lame ducks," he says. "This is a different era than the last days of Dwight Eisenhower. Events are so swift and interrelated. Reagan amplifies that necessary involvement because he is such an assertive person...
...different as the two markets are, they have become inextricably linked through the computerized trading strategies carried out by big brokerage houses, pension fund managers and other institutional investors. One variation is called index arbitrage, in which traders try to make swift, sure profits by taking advantage of temporary discrepancies between the prices of stock-index futures and the actual stocks that make up the index. A related gimmick is portfolio insurance, in which money managers sell stock-index futures during a market decline to guard themselves against losses. Heavy use of these strategies can produce violent price swings...
...costly blow to the 163 U.S. companies, including Mobil and Union Carbide, that still operate in South Africa. Taxes will consume an estimated 72% of the money that U.S. firms earn in South Africa, vs. 57.5% before the new law. The rise is likely to speed the already swift exodus of corporate America from the land of apartheid...
...scene is a spy-thriller staple: idling autos drawn up at opposite ends of a bridge or a shadowed street or a landing strip; a swift, furtive swap of two men, pawns in an international power struggle. This time, though, the drama was real. At 12:40 p.m. last Monday, an Iranian passenger jet landed at Karachi Airport and taxied toward a French Falcon 50 waiting on a cleared section of the tarmac. Pakistani security police held off newsmen and photographers while French and Iranian consular officers supervised the exchange of two passengers. A few moments later, the First Secretary...