Word: beared
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...Thursday, complained about a "world that constantly moves the carpet under your feet, pulling it out and threatening to trip you up." The market bust, he said, "is the disorder of a non-system. There is no system. It has been broken." Others left no doubt about who must bear responsibility for fixing it. Says a senior Canadian government economist: "Everyone, all around the world, has been keeping an eye on the U.S. economy and wondering how long it could continue to survive without dealing with things like its trade imbalance and its huge federal deficit. When people became convinced...
...says Harvard Law Professor Alan Dershowitz. "It's a defense of the last resort." Explains Lawyer Michael Kennedy, who cited his client's drug dependency in unsuccessfully appealing for a new murder trial for Schoolmistress Jean Harris: "Juries tend to look at addiction as something for which you must bear the responsibility. Therefore they are disinclined to let people off the hook...
Taking lessons in stoicism from Rookie Manager Tom Kelly, Minnesota was inclined to regard it not as a crash but as a correction. From the July All- Star Game to the October playoffs, Gary Gaetti, Kent Hrbek and Kirby Puckett brought all their muscle to bear, and still the Twins won just nine away games. For that matter, the last time the franchise managed a World Series victory on the road, the Washington Senators won it and Walter Johnson pitched it. Naturally, the people of St. Louis cannot imagine a more genial place than Busch Stadium, though their perspective...
...stock market, no figures have been so celebrated -- and so scorned -- as the precocious young brokers and investment bankers reveling in million-dollar co-ops, BMWs and American Express Gold Cards. These are the yuppies, the generation of boastful baby boomers who had never before known a bear market. But last week's wild market gyrations, coming on top of recent layoffs on Wall Street, have left them breathless. "All of a sudden, people in my age group have come of age," says Ian Wiener, 26, a portfolio manager for Clemente Capital, a Manhattan money-management firm...
...Royal Dutch/ Shell Group, among other stocks. Last week Tompane sold out to Merrill Lynch for an undisclosed sum. Also merged out of existence was W. Damm M. Frank & Co., an American Stock Exchange specialist that traded in 30 Amex stocks before the crash. The firm was acquired by Bear, Stearns. That could be only the beginning. Says Samuel Liss, an analyst at Salomon: "We are going to see more specialist firms merging with better-capitalized parents...