Word: turnaround
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Dates: during 1980-1989
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...into at least a slow turnaround. For sure, we've passed the worst," said Allen Sinai, chief economist for Shearson Lehman Brothers...
...taking the loss, as most of his colleagues on Wall Street were doing, the Merrill Lynch trader seemingly gambled on a go-for-broke strategy. Without his employer's permission, he plunged in deeper, buying up $800 million more of the securities in the hope that an interest-rate turnaround would bring enough profits to bail out all his losses. His wager failed spectacularly. When Merrill Lynch announced the episode last week, the firm estimated its losses at $250 million, possibly the largest single trading deficit in Wall Street history...
During spring break, the Crimson toured the Bahamas Islands, a trip the ruggers credit with the recent turnaround in their play...
Reagan and his supporters, however, insist that last week marked a turnaround. "He's doing it," said Republican Senator Alan Simpson of Wyoming. "He's appointing good people. There will be more changes; I'm not going to speculate who, but others will go. The President went about as far last night as his persona would take him. He didn't apologize, but he admitted his mistakes. He said he had learned. He said he would change. That's quite a bit for a President...
...came from Sakharov and his wife Elena Bonner, whose tiny apartment on Chkalova Street has once again become the nerve center of the human-rights movement. The Sakharovs advised Western reporters that they knew of 43 political prisoners who had suddenly been freed, in what Bonner called a "wonderful turnaround" in Kremlin policy. Soon old friends and even distant acquaintances, some newly arrived at Moscow's Yaroslavsky Station in camp clothes and close-cropped prison haircuts, came to call. When Yuri Shikhanovich arrived, Bonner sent him off with money to buy wine and vodka for a celebration...