Word: beate
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Dates: during 1990-1999
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Clinton had been wooing the police for years, by securing federal funding to put more cops on the beat and pushing gun-control measures (Dole opposed both). Still, there was enough Republican loyalty in the Fraternal Order of Police for its officers to give Dole an equal chance to win its endorsement. The F.O.P. sent both candidates a questionnaire about police issues. The White House replied with thoughtful answers, Dole's aides with canned rhetoric. Then union officers asked for personal interviews. Dole's staff responded with a form letter saying the candidate was too busy, but "we will keep...
...list every year. You can't do that," says Fidelity chairman Edward C. Johnson 3d, known as Ned. In a rare interview, the man who created the money machine is quick to point out that though Fidelity's most popular fund, Magellan, is struggling, it "still beat 82% of all equity funds" last year. But Ned Johnson's company, along with every other mutual-fund operator, bank, brokerage and insurance company, finds itself in an escalating battle. As baby boomers save for retirement, college for the kids or a rainy day (say, when the Social Security system collapses), their investment...
Should investors be concerned that the size of Fidelity's funds makes them unwieldy? "It's a reasonable worry," Danoff says. "I would close my fund [to new investors] if I really didn't think that I could beat the market over time." That is the standard answer to this question from Fidelity managers, but of course, it's not really an answer; it's a promise...
...real test for a fund is beating an index like the S&P 500. If you can't beat an average, then you aren't investing with any more skill than you would if you chose stocks randomly. How hard is it to beat the S&P 500? Really hard. Over the past five years, 63% of all diversified-equity mutual funds have failed to do so. The greatest Fidelity performer of all, of course, was Peter Lynch. During his 14 years of managing Magellan, he averaged an annual return of 29.2%; the S&P 500 index rose...
...wonderful gift, because I wasn't living with him at the time, and it was so unique and personal," says Rebecca. She sold the book in 1990, "because I thought the world should see it." Bart Rosenblatt and Al Corley (also known as the first Steven Carrington on Dynasty), beat out Martin Scorsese and Steven Spielberg, among others, for the rights, and the book will be published in time for Christmas. Orson Welles, who studied at the Art Institute of Chicago, wrote and illustrated the story using India ink, ballpoint, gouache, watercolor and typewriter, and included such cinematic scenes...