Word: belle
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Dates: during 2000-2009
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...church where my father preached, my mother played the organ and I pumped the bellows for it. Maybe that's where, subconsciously, I started getting interested in the pump, which is all the heart is, after all. I can remember as a boy when they rang a big bell in Beaufort West at 9 o'clock, and all the colored people had to leave town for the night. My father, however, would not accept any difference between white people and black or colored people. I learned that tolerance from my father, who said to me, "Son, for some people...
...retrospect, the fleeting nature of Friday's big bell-to-bell rally was obvious. Home sales up again? Cisco's business "stabilizing"? Gee, home sales have been an encouraging consumer prop since January, and Greenspan first used the S-word about the economy in July. And look where that's gotten us. No, anyone with at least an arm's-length worth of objective distance from this market had to figure this was another "sucker's rally," a wild and temporary burst of optimism from traders and investors who closed their eyes, crossed their fingers and bought on Friday because...
...what was basically a narrow-range, up-down-up-down week, the markets (or at least the techs) were actually reasonably jazzed about Cisco, which after the bell Thursday announced that it is restructuring its business into 11 technology groups - and, more importantly, that it sees signs of its business stabilizing. At a lower rate, of course...
...Street?s expecting a slight trimming of inventories (good), a slightly-smaller-than-last-month decrease in production (good, I suppose) and a tiny bump in capacity utilization. That?s good too, but at the microscopic increments expected we won?t be cleaning up tickertape at the closing bell. Still, a favorable trend is better than the other kind...
...Pirelli pulled off the takeover by making an offer to Colaninno's allies in Bell, the small holding company that controlled Olivetti. While Colaninno urged his backers to stay the course, Pirelli's 80% premium was an offer they couldn't refuse. In one of the more controversial points of the takeover, however, the 80% premium was not offered to all Olivetti shareholders. By keeping their share of Olivetti under 30%, Pirelli and Benetton were not obliged to offer the buy-out to all investors. Minority shareholders are understandably furious, especially since Olivetti dropped 15.3% the first day after...