Word: slides
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Dates: during 1980-1989
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Holland was right. "They" -- the central bankers of the world's industrial countries -- were launching a major surprise mission to rescue the dollar from its perilous slide. The Federal Reserve and other central bankers intervened by unleashing a flood of orders to trade Japanese yen, West German marks and other denominations for the dollar. The strategy worked stunningly, sending traders scrambling to move in the same direction. Said Holland: "You don't make money by challenging the Fed. You could get squished trying to do that...
...none of this could adequately explain why the Dow dropped 90 points in just 45 minutes late on Friday. Experts quickly pointed out that the slide was accelerated, as other swings have been during the past two years, by computerized program trading of large blocks of stocks and stock-index futures. The debacle raised anew questions that have been hotly debated since October: Is the new high-tech volatility of stock prices out of control? Are investors vulnerable to a crash at any time if reforms are not undertaken to shore up the market's stability...
...consumer spending continues to falter, a recession could follow. One barometer of future trends, the index of leading economic indicators, fell 1.7% in November, its steepest slide in more than six years. Economists noted, however, that falling stock prices accounted for much of the decline. The fate of the economy may depend on what happens to the trade balance. Most experts expect that the dollar's fall will lead to a surge in exports and a drop in imports. If that happens, less domestic consumer spending will be needed to keep the economy healthy. "There is a risk of recession...
...when he appeared in his uniform and medals and began his often emotional testimony by saying "I came here to tell you the truth -- the good, the bad and the ugly." North admitted he had engaged in international fund raising for the contras, a campaign that included his staging slide shows for would-be donors. Other officials cadged money from foreign millionaires like the Sultan of Brunei (with characteristic adroitness, the fund raisers temporarily lost the Sultan's $10 million donation, which turned up in the wrong Swiss bank account...
They can skate, as in really skate, as in speed-skate down the sides of the rink. They can skate, as in maneuver, as in slip one way, then slide back another. Effortlessly. They can skate, as in dodge one defenseman, as in skip past another, as in soar on one leg up to the goal mouth and slip a shot into...