Word: arnolds
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...fledgling company, which had only about 20 traders operating out of a fifth-floor attic above a Wall Street area clothing shop, elbowed its way into the thick of play. Using what they thought to be sophisticated, computer-guided trading strategies based on a secret computer program code-named Arnold, Drysdale's two top dealers, Richard Taaffe, president, and David Heuwetter, chief trader, managed in little more than three months' time to amass an astonishing $4 billion-plus portfolio of borrowed U.S. Treasury securities...
Drysdale's repo troubles had been quietly brewing for weeks, as credit market conditions began to undermine the company's assumption that interest rates were going higher. Instead of the generous profits that Arnold had predicted, Drysdale had a steady stream of losses. The real crisis started last Monday, when the firm failed to meet $250 million in interest due to Chase Manhattan Bank, its principal repo supplier...
...Life. And as surely as any work of science fiction can be its author's autobiography, the boy here is Steven Spielberg. His parents seeded the mix of science and art that would surface in Spielberg's films: his father Arnold was a computer engineer, his mother Leah a former classical pianist. (They were divorced when Steven was 17.) In many ways, he was a typical boy. He loved animals, especially cocker spaniels-and parakeets, which he kept in his bedroom, flying free. "There would be birds flying around and birdseed all over the floor," recalls Leah...
...University affiliated Arnold Arboretum, badly in need of stepped up security in the aftermath of a series of recent tapes and assaults on its Jamaica Plain facility, is only the most recent case in point. The Arboretum seems an imminent threat to human life. Yet Harvard again has refused to put aside fiscal caution. The University should swiftly volunteer the $50,000 in funds that Arboretum officials say they need--a gesture not only to improve community relations, but to fill an urgent need...
...Doom (James Earl Jones) is now guilty not just of killing Conan's parents and selling the boy into slavery, but of running a drug and snake cult for hippies. (At last we know where to locate Conan in time; this is the Stoned Age.) Seeking vengeance, Conan (Arnold Schwarzenegger) becomes, incidentally, the world's first deprogrammer. This among other muscle-bound links to contemporary life is definitely intentional. What is not is the flatness of Schwarzenegger's performance, the dullness of his odyssey. Instead of the giddy lift one sometimes obtains from improbably heroic adventures...