Word: turnarounds
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Dukakis takes much of the credit for this economic turnaround. "Mike is saying `don't just ask me where I stand, ask me what I've done,"' explains Champion, adding that developments in business, science, physical infrastructure and education are the lynchpins of both Dukakis's state program and his national platform...
...some say he has had little to do with Massachusetts's good fortune. Reich says that one-quarter of the economic turnaround can be attributed to the Governor's programs, but that the other three-quarters are the result of factors outside of his control, such as including federal contracts and venture capital...
...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...