Word: widespread
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Dates: during 1980-1989
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...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...
...carves open the dead man's chest and eats his flesh. These horrifying events might seem the stuff of slasher movies, but according to Filipino director Lino Brocka, they are real. His film, based in part on testimony collected by Amnesty International, charges that human rights violations are more widespread under President Corazon Aquino than they were during the Marcos regime, which Brocka had long criticized. Fight for Us is a cry for justice, from a man out of breath, for a nation nearly eviscerated by fratricide...
...large-scale debt forgiveness, and populist foreign critics, who resent his calls for fiscal austerity. Walter Wriston, the former chairman of Citicorp, whose Citibank unit has more than $8 billion in outstanding Latin American loans, calls Sachs "a paid flack for the countries of Latin America." Wriston argues that widespread loan write-offs would prevent Latin countries from receiving new credit. At the same time, Julio Bravo, finance secretary of the Bolivian Worker's Central Union, charges that as a result of Sachs' advice, "salaries have decreased, the firing of workers has increased, and policies respond to the interests...
Johnson points to a case last year as an example of the widespread problems with fake ID's at Harvard. In February, a first-year student was charged with mass production of driver's licenses. He received three years probation and was ordered to pay $1000 in court costs after he admitted there were "sufficient facts" for his conviction...
...When you see things like that, you start paying particular attention to it--apparently it is quite widespread here," Johnson says. "The University is going to be taking a very serious view on ID's. It's another giant step...