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...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...

Author: /time Magazine | Title: WALL STREET Turned Off On Programs | 11/6/1989 | See Source »

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...

Author: /time Magazine | Title: First She Looks Inward: MAYA LIN | 11/6/1989 | See Source »

...statements Albert Hsia made in the article "More Security, Not Vigilance" (Dec. 13) are almost laughable if you look at them closely. As an undergraduate and a Harvard student security guard, I agree that Harvard's security system leaves much to be desired. However, students do indeed bear some of the responsibility for security...

Author: NO WRITER ATTRIBUTED | Title: Security | 11/1/1989 | See Source »

Some soldiers make immediate and tragic exits. Bill Haneke is energized by President John F. Kennedy's 1961 Inaugural speech calling for a new generation to bear any burden, meet any hardship. He returns from Southeast Asia minus a right leg, a left foot and an eye. Tommy Hayes, the son and grandson of West Point major generals, rejects the sanctuary of graduate school. In a letter home he writes, "My country has invested a great deal in me as a soldier. I should like to repay that investment." The price is his life, taken in the jungle north...

Author: /time Magazine | Title: Books: Point Blank | 10/30/1989 | See Source »

CINEMA: Big bear plus little bear equals great Bear...

Author: /time Magazine | Title: Time Magazine Contents Page:OCTOBER 30, 1989 Vol. 134, No. 18 | 10/30/1989 | See Source »

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