Official Portrait of President Ronald Reagan Ronald Reagan launched an attack on the middle class. We must reverse it to save our democracy
In the days between October 14 and October 19, 1987, major indexes of market valuation in the United States dropped 30 percent or more. On October 19, 1987, a date that subsequently became known as Black Monday, the Dow Jones Industrial Average plummeted 508 points, losing 22.6% of its total value. The S&P 500 dropped 20.4%, falling from 282.7 to 225.06. This was the greatest loss Wall Street had ever suffered on a single day.
According to
Facts on File, an authoritative source of current-events information for professional research and education, the 1987 crash marked the end of a five-year bull market that had seen the Dow rise from 776 points in August 1982 to a high of 2,722.42 points in August 1987. Unlike what hapopened in 1929, however, the market rallied immediately after the crash, posting a record one-day gain o
Robert R. Glauber, Harvard professor who led Black Monday presidential commission, dies at 81
By Globe staff and wire reportsUpdated March 6, 2021, 5:38 p.m.
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Robert Glauber in late 2002.Gino Domenico/Bloomberg News
Though he once told Harvard Universityâs student newspaper that his experience as a Harvard Business School professor offered âvery effective preparationâ for becoming under secretary of the US Treasury Department, Robert R. Glauber was reminded daily of the differences between academia and government.
âYou could write things at Harvard and no one would read it,â he said in a 1990 New York Times interview amid the finery of his Victorian-era office at the Treasury building that was so large it had been used during the Civil War to house soldiers. âHere, once you say something, it gets reported and everything is under a microscope.â
He helped lead and write a major report on causes of the 1987 stock market crash, then served in George H.W. Bush’s Treasury Department as undersecretary for domestic finance.
PORTLAND, Maine, Feb. 18, 2021 (GLOBE NEWSWIRE) Northeast Bank (the Bank ) (NASDAQ: NBN) announced today the passing on February 14 of the Chairman of its Board of Directors, Robert R. Glauber. Mr. Glauber had served as Chairman of the Board since 2010, Chair of the Bank s Governance Committee and a member of its Compensation Committee.
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