Word: turmoils
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Dates: during 1990-1999
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...financial turmoil fed through to home buyers last week as rising long- term rates pushed the average cost of 30-year, fixed-rate home mortgages to 8.47%, the highest level in 22 months. Just last October, the rate stood at 6.74%. At the same time, stock prices gave jittery investors another wild ride as the Dow average plunged nearly 84 points at the opening bell Monday before finishing up 38 points for the week on Friday...
...last weeks of Kurt Cobain's life were filled with turmoil and anguish -- and gossip. Rumors floated through the music industry that the singer- songwriter's band, Nirvana, was breaking up; that Cobain, who had survived a tranquilizer-induced coma just six weeks earlier, had suffered another overdose. The stories seemed to be justified when the group unexpectedly backed out of headlining the Lollapalooza tour this summer...
...making her point, Corlette compared the current situation in Massachusetts Hall to the constant turmoil and turnover in leadership during French history. She said there was no need to worry about changes at the top because Harvard has strong middle level bureaucrats running the University from below...
...dollars' worth of bond futures and thereby drive down the prices of the underlying bonds. The worst fallout occurred in Europe, where bond prices plunged and interest rates, which move in the opposite direction of prices, climbed about one full percentage point. The biggest loser amid the global turmoil was legendary Wall Street investor Michael Steinhardt, who as of last week has lost $1 billion since the beginning of the year, or a quarter of the funds under his management. Another big-name investor, George Soros, got caught in the February mayhem, which people inside his Quantum hedge fund called...
...turmoil in the bond derivative market, which has persisted since February, has troubled Wall Street watchers because it bears some of the hallmarks of the 1987 stock-market crash. That 508-point plunge on Black Monday was worsened by so-called portfolio insurance, which is computerized programs designed to bail investors out of stocks in a downturn by selling stock futures. But few buyers were willing to come forward while so many others rushed for the exits, and the decline accelerated instead of slowing down...