Word: armchairs
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Many people who were novice investors when they first started an IRA have become armchair financiers. Instead of consolidating their contributions in one safe place, many IRA holders shuttle their accounts from one investment to another as the economic winds change. Says Alfred Johnson, chief economist for the Investment Company Institute: "They no longer view IRAs as passive accounts that gather dust until retirement. IRAs have become aggressive investment tools. Consumers invest in them because they want to get rich." The fastest-growing new account is the self-directed variety, in which the customer can switch from, say, Treasury bonds...
...Zhivago, Sir Alec walked into Richardson's hotel suite in Madrid. "Who can one hit," said Richardson, "if not one's friends?" -- and punched him in the jaw. By the time Guinness raised himself from the floor to ask what was going on, Richardson was sound asleep in an armchair...
Unsatisfying as this may be for armchair detectives, it preserves the phantasmagoric mood essential to Hawksmoor's impact. Ackroyd, 36, a versatile English writer whose biography of T.S. Eliot was widely praised two years ago, has a gift for historical pastiche. His 18th century is a battleground where the rational temper of the modern world, championed by Wren, contends with the medieval occultism embraced by Dyer...
...those armchair deans who doubt that the University has made tremendous strides in recent years consider three of the biggest Harvard-related stories of the last twelve months...
English Author Jonathan Raban, 43, has earned a reputation as a diverting guide for armchair tourists. His best-known travel books are Arabia: A Journey Through the Labyrinth (1979) and Old Glory (1981), a Huckleberry Finnish, updated account of a journey down the Mississippi. With much of the world left to explore and write about, Raban has elected to make a voyage of a different and distinctly perilous kind. Foreign Land is his first novel...