Word: distress
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Dates: during 1980-1989
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...latent dread of junk-bond investors is that one really colorful case of corporate distress might set off a selling spree in the volatile market for the high-yield securities. Last week their fears shot to the surface when Canada's Campeau Corp. said it might default on its debt, which is in part composed of junk bonds. That disclosure sparked the market's worst drubbing since the Crash of 1987, as traders rushed to dump their holdings. During the week, junk-bond issues fell in price by $10 to as much as $130 for each $1,000 in face...
Clearly, most of the new flood of refugees are not compelled westward by economic distress. True, the consumer offerings in West Germany far outstrip what is available back home, but East Germany enjoys the best living standard of any East European country. Most of the refugees, however, define a better life in terms that cannot be measured in deutsche marks. Of those polled, almost three-quarters said they were driven by the lack of freedom of expression and travel. Almost as many said they wanted more personal responsibility for their own destiny. As Heide Zitzmann, 37, a schoolteacher, summed...
...first test case for the Brady plan is appropriately Mexico, whose economic distress is fully matched both by its strategic significance to the U.S. and by the avowed commitment of its leadership to reform. Mexico has drastically cut spending and started selling inefficient state enterprises. Still, the economy is stagnant. No wonder. The equivalent of about $13 billion a year that might otherwise go to internal investment or the purchase of imports is being siphoned off to service Mexico's nearly $100 billion debt. Under quiet prodding from Washington, the Mexican government and a consortium of international banks have been...
Responding to Haynes' distress call, air controllers directed the plane to continue eastward for an emergency landing at Dubuque, Iowa, 240 miles away. The pilot sensed a momentary regaining of some control. But then he lost it again. At 3:20 he declared that he faced an "emergency" and had to find the nearest landing spot. Controllers suggested he turn back to the west to reach Sioux City, a Missouri River town where one of the airport's runways is 9,000 ft. long. That could easily handle a DC-10. But Sioux City was 70 miles away...
...generation ago: harder to master the art and the craft, harder to practice, harder to savor the natural pleasures of healing. Patients loudly long for the days of chummy family doctors and personalized care, when Marcus Welby would make everyone well. But it turns out that the distress is mutual, the frustration shared. Many patients may be surprised to learn that the doctors are suffering too. Listen to them tell...