Word: turnings
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Dates: during 1980-1989
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...lukewarm about too much glasnost. If Chebrikov's new job makes him a watchdog over the activities of the Soviet security forces, his position may have been strengthened. On the other hand, as the Central Committee's new law-and-order secretary, he must deliver on Politburo promises to turn the Soviet Union into a nation "governed by law." Otherwise, he could be trampled in the next leadership shuffle...
WILL THE LAST PERSON TO LEAVE THE PITS PLEASE TURN OUT THE LIGHTS? Trading volume at the Chicago Board Options Exchange has plunged 43% in the first eight months of 1988, compared with the same period the previous year. During the bull market, the exchange had boomed partly because stock investors had hedged their Wall Street bets by buying options contracts. But now business is so slow that 150 of the exchange's 1,200 employees have been given severance packages. One of the most renowned traders on the exchange, Jack Keller, 45, has moved his family back...
...amount of junk bonds and other risky investments held by institutions insured by federal and state agencies. In addition, the federal deposit insurance system should be revamped to ensure that it encourages prudent management at financial institutions. At the moment, regulators bail out mismanaged S and Ls and often turn them over to new owners who commit little or no capital of their own and who get a free ride to continue the institutions' speculative activity at no risk to themselves...
...Thai restaurants on Melrose Avenue alone), Hollywood has come to Thailand (shooting across the political spectrum, from The Killing Fields to Rambo III). So giddy is the world's romance with the smiling kingdom, in fact, that some people fear the country could lose itself in the lights, or turn into a synthetic version of itself...
...could turn out to be for Dukakis what Russia was for Napoleon. He invested his vice-presidential choice there and nine days of his own precious time, but Bush still leads. The only consolation is that the Bentsen gambit has forced Bush to work hard in his home state; like Dukakis, the Vice President was there again last week. The Democrat's hope is that the oil recession will raise indignation high enough to smother Bush's appeals to Texans' macho instincts. Both sides have so much at stake that neither can be seen as backing away...