Word: circuit
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Dates: during 1980-1989
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Some safeguards installed in the market after the 1987 crash may have helped cushion last week's fall. In Chicago the Mercantile Exchange twice halted trading in S&P 500 futures contracts, which represent the stocks in the Standard & Poor's 500 index. The automatic cutoffs, or "circuit breakers," slowed the contracts' drop. In 1987 parallel free falls in New York and Chicago, which are linked by computerized trading programs, had aggravated the collapse. But last week some Chicago traders claimed that the stoppages in futures trading restricted the ability of some investors to hedge their losses, forcing them...
...legal battle against sex discrimination has often pitted the backers of women's rights against paternalistic rules that protect -- and bar -- women from the workplace. The fight appears to have taken a new turn as a result of a major federal decision from the Chicago-based Seventh Circuit Court of Appeals...
Several employees and their union challenged the blanket ban, charging a violation of federal discrimination laws. But the Seventh Circuit, siding with the company, two weeks ago concluded that the workers had failed to show that the health hazard could be eliminated by anything less than the sweeping measure in question. Said the court: "The unborn child has no opportunity to avoid this grave danger, but bears the definite risk of suffering permanent consequences...
More horrors await. An almost endless train of tuneless trollops traipses by, each one hoping for a taste of fleeting fame on the fleabag cocktail club circuit. Frank moans, "37 singers and not one who could carry a tune. There was a certain surreal quality...
...program, funded by a grant from media magnate Walter Annenberg, is named for federal judge Irving R. Kaufman, a longtime U.S. Circuit Court of Appeals judge famed for his defense of First Amendment rights...