Word: assets
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Dates: during 1990-1999
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...times have changed. For those entering politics today, membership in exclusive private clubs--such as the nine all-male final clubs at Harvard--is as often a stigma as a social asset...
...inability to devise an acceptable deficit-reduction plan erupted into a throw-the-bums-out mood so intense that many lawmakers are afraid to face their constituents. As a result, incumbents from both parties are finding that the very tenure in office that used to be a political asset can now be a liability. They are scrambling to recast themselves as populist crusaders whose main reason for being in the nation's capital is to fight against its wicked ways. Says Larry Harrington, a Democratic Senate campaign strategist: "Everybody is playing the outsider. That's this year's shtick...
William F. Sharpe, of Stanford University, won for his contributions to the theory of price formation for financial assets, the so-called Capital Asset Pricing Model (CAPM), the academy said...
...theory explains the relation, or lack of one, between firms' capital asset structure and dividend policy on one hand, and their market value on the other...
Sharpe, 56, of Cambridge, Mass., was the leading figure among several researchers in the 1960s who used Markowitz's portfolio theory as a basis for developing a theory of price formation for financial assets, the academy said. That was the so-called Capital Asset Pricing Model (CAPM...