Word: beared
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...beyond China's borders. Top priority is a blue-water navy to carry troops into areas remote from the mainland. But the Pentagon estimates that it will be at least 20 years before China can rival the U.S. Navy, and it is an open question whether any regime can bear the expense of seeking military superpower status...
There's no telling when, of course. We might see Dow 8000, 9000 and 10,000 before the next sharp market decline--the dreaded bear market. Incredibly, the current blistering pace would roll the Dow past those milestones by year's end. How far is up? That question is relevant only to those able to spot the market's top and get out before the herd--which is to say it is relevant to no one because while some may get lucky, no such expert exists...
...poll's results and the statements of postal officials bear out Cooper's cynicism. Though the survey found that a majority of residents want to keep their post office downtown (including 79% of the senior citizens, who tend to walk there), postal spokesman Robin Wright dismisses the stay-putters as "emotional" and says the poll "is a private kind of deal" to "help us with our strategy." An internal Postal Service document makes this "strategy" as plain as bureaucratic doublespeak can be: "Provide a clearer identification of the 'real' underlying concerns by the antimove advocates, along with compensatory responses designed...
Meanwhile, Ovitz has been upgrading his real estate portfolio. Even as the ax was poised at Disney, he sewed up the purchase of the Dancing Bear Ranch in Aspen for $5.5 million. The 500-plus acres are near Disney chairman Michael Eisner's home, although presumably they won't be vacationing together as they have in the past. In Malibu, California, Ovitz is buying a few acres of property on a seaside bluff, a $5 million parcel belonging to Motown mogul Berry Gordy. Malibu property has a distressing habit of sliding into the sea or turning into charcoal, yet this...
...Always the Hardest (Random House; 302 pages; $23). Bronson, whose first novel, Bombardiers, skewered the world of Wall Street bond traders, has now set his sights on Silicon Valley. What fascinates McGowan is that the book reads like an old-fashioned roman a clef, in which fictional characters bear an uncomfortable resemblance to people you know--in this case, several computer-industry legends...