A Letter From the Publisher: Nov. 2, 1987

It was the day after the end of the world, and Charles Alexander's lunch of salad and Pepsi Free sat untouched on his paper-strewn desk. Alexander, the editor of TIME's Economy & Business section, had spent the past nine hours blocking out this week's 24-page cover on the cataclysmic demise of the five- year-old bull market. Just after the market closed on Black Monday, editorial queries went out to an army of more than 25 TIME correspondents in 20 financial capitals around the world. Before long, their reports would begin hitting the In baskets of 30 editors, writers and reporter-researchers in...

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