Word: walle
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Dates: during 1970-1979
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...Wall Streeters believe that Washington is finally getting fiscal religion and that the political mood is shifting toward stimulating investment rather than consumption. Some steps in that direction were the Revenue Act of 1978, which slashed maximum capital gains taxes from 49% to 28%, and the appointment of the tough-minded Volcker to the Fed. Though a tight money policy temporarily holds back stock prices, it stands to retard inflation in the longer...
...downbeat reports, the Dow Jones industrials revived at week's end, rose seven points on Friday and closed at 874. Amid the glum news, market analysts and money managers are increasingly confident that a new and sustained bull market is shaping up. Reports TIME Correspondent John Tompkins from Wall Street: "The mood is in the air, palpable, something you can feel. To be sure, there are some well-known bears who still radiate gloom and even a couple of bulls who have turned bearish. But the consensus is that no matter how bad things look in Washington, the nation...
...premature, but we are going to be there when the market explodes on the upside." That is widely expected to occur when inflation, interest rates and the dollar show signs of moving in the right direction. As Christopher Johnson of Lloyds Bank in Britain says of Wall Street's future: "There is a boom market out there, but not for a few more months...
...Great Wall of China attracted record crowds during a coast-to-coast tour of the U.S. On a "mission of mercy" to Chad, est Founder Werner Erhard urged natives to "take responsibility for your own starvation" and was promptly eaten. Alarmed at declining election turnouts, the Administration offered free toasters to anyone who voted. Congress made 1984 the Year of the Total Recall when it ordered the return of everything manufactured...
...proof can be found in this series about a staid Wall Street law firm; it is the latest triumph from James L. Brooks, Stan Daniels and Ed Weinberger, veterans of Taxi and The Mary Tyler Moore Show. In the new show, these writers have again loaded a simple sitcom premise with a wide variety of well-drawn (and exceptionally well cast) characters, sophisticated jokes and astute social observations. The first episode, which may be a classic of its kind, also manages to work in unforced slapstick gags, a touch of pathos and a double-whammy final punch line...