Word: accountants
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Dates: during 1990-1999
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...stocks (see accompanying story). By this year Barton was a full-time day trader. But things turned bad this summer. Barton had lost about $105,000 since June, almost all of it on volatile Internet stocks, according to Momentum Securities, where he traded most recently. Some reports said his account there had been closed on Tuesday after he was unable to meet a margin call--a brokerage firm's demand that a customer put up cash to cover a debt caused by falling stock prices. To reopen the account, he reportedly wrote a check for $50,000; it bounced...
...road to this impasse is as full of mutual distrust as any of the software giants' previous disputes. Microsoft launched MSN Messenger in mid-July. Besides providing a free hotmail account, it allowed AOL buddy-list users to sign in too--if they entered their password. That set off alarm bells at AOL, which promptly blocked Microsoft's access to its server. Microsoft came up with a fix, which AOL also jammed. A terse exchange of snail mail followed. Late last week AOL customers were greeted at login by an ominous new start-up screen warning of the dangers...
When I was laughed out of Citibank with my jar a few years ago, I was told to roll my pennies and write my name and 14-digit account number on every roll. Then the bank would accept them--for deposit only, the sum to be held against my account until the bank got around to its own count. The message seemed clear: even banks don't want pennies. By the way, that penny dish at many checkout points is a nice idea, but it doesn't help. I contribute often but rarely withdraw because I wither under the lethal...
INHERITED IRAS The IRS seems to agree with fund companies that allow inherited IRAs to pass on after you do. In a private-letter ruling, the agency has given the go-ahead for nonspouse beneficiaries to roll the accounts over. The maneuver can spare your heirs a hefty tax bill by avoiding the customary one-time cash-out. Naming another beneficiary will not extend the life of the account, and payments must be distributed at least as rapidly as the pace set by the original owner, regardless of who receives the cash...
...once called the "seven dirty words" in a domain name was taboo. No more. Now that domain registry is no longer a monopoly, some registrars are apparently winking at four-letter words. Indeed, one of those new custodians of Web domains, Net Wizards, claims that those former no-nos "account for 75% of our business." Blanketyblank.com...