Word: advent
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Dates: during 1980-1989
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...those cheapskates who want to stay in New England, we have the good-old-fashioned ski vacation. Celebrate the advent of spring with a week more of winter! There is still snow on the mountains and refreshments in the lodge, although things sometimes go wrong. Inevitably, one novice, influenced either by egotism or contraband stimulants, will attempt a black diamond trail and wind up as a permanent part of the mountain...
...growing reliance on high-tech tools gives many political observers a Big Brotherly chill. Some journalists are particularly troubled by the advent of satellite feeds arranged and financed by politicians. Local stations that rely too heavily on candidate-supplied material for their news broadcasts are likely to be manipulated by whichever campaign organization can afford the most programming. As one TV editor puts it, "You're letting them control the camera as well as pay for it." Another fear is that politicians will grow more insulated from the voters, though campaign managers still put a high priority on human contact...
...rising market, a fund manager pays a premium to an insurer in return for a promise that the value of his portfolio will not fall more than a specified percentage if the market takes a nose dive. Investors have long searched for such a perfect hedge, and with the advent of new investment tools in the early 1980s, & it looked as if they had finally found one. Says Hayne Leland, the Berkeley finance professor who came up with the scheme: "We felt we had a reliable instrument...
...BEEN ages since I last saw you," I said to the figures on the screen at the opening moments of The Whales of August. The actors were all familiar, but from bygone eras. The last film I had seen starring Lillian Gish was made before the advent of talking pictures, and Bette Davis's heyday passed long before I was born. Although I had seen Vincent Price regularly as the host of PBS's Mystery, he too had faded from the movie screen...
Program trading came into its own in 1982, with the advent of stock-index futures. These enable investors to make a bet on which way the entire market is going. Index futures, used with program trades in the stocks on the index, open up a variety of opportunities. One of the most popular takes advantage of momentary differences between the price of a futures contract and of the stocks themselves. When this spread is sufficiently wide, a trader can lock in a profit at no risk by, say, buying the futures and selling the underlying stocks. This practice, called index...