Word: walling
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Dates: during 1980-1989
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...bomb was allowed to keep ticking for two more years. Fortunately for Keating, FHLBB head Gray was replaced by the very sympathetic M. Danny Wall, a former aide to Utah's Republican Senator Jake Garn. Wall transferred responsibility for Lincoln from San Francisco to Washington. At House Banking Committee hearings on Oct. 17, L. William Seidman, head of the Resolution Trust Corp. and chairman of the Federal Deposit Insurance Corporation, criticized Wall for keeping Lincoln open. As a result, the federally guaranteed cost of paying back Lincoln's depositors went up $1.3 billion, to $2.5 billion. Nationwide, the whole debacle...
...leading narcotics expert working for the state of New York, estimates that 70% of New York City's drug users are affluent. Across the U.S., drug counselors report rising numbers of professionals -- doctors, nurses, accountants, professors -- trying to kick crack habits gone out of control. "We've got Wall Street executives who buy crack in the middle of the day and smoke it in the office," says Alan Horowitz, program director at A.C.I., a treatment center in New York City. "We had one air- traffic controller at J.F.K. airport who was smoking crack on his breaks...
...stock market gyrated in recent weeks, the swings have been fueled by the widespread use of program trading. In this computerized practice, speculators trade stocks and stock-index futures simultaneously to profit from minute differences in prices. But program trading incited a Wall Street revolt last week as the Dow Jones industrial average plunged 92.42 points to 2596.72. Faced with pressure from investors, the firms Bear, Stearns and Morgan Stanley said they will halt the use of index arbitrage, the most popular form of the | strategy. A third firm, PaineWebber, scrapped all forms of program trading...
What she showed Morris Dees, the SPLC's executive director, and Cohen that day, roughly sketched on a paper napkin, was a slightly curved black granite wall, 8 3/4 ft. high and 39 ft. long, that would bear part of the King passage. Above it, on what would be the upper plaza, water from a small pool would flow gently down the wall, gently enough that one could easily read the words. To the right of the wall would be a curved set of stairs...
Edward B. Whitney '66, a Wall Street investmentbanker who was invited to last week's event, sayshe was courted with a reception, an address by thepresident, a faculty panel and tickets to thefootball game against Princeton...