Word: beltings
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Some investors succeed by shunning glamour. Russell Faucett, a Los Angeles financial adviser who spends about half his time managing his personal portfolio, looks for solid, small Rust Belt companies with lackluster earnings and low profiles. Says he: "Well, my stocks are kind of boring actually, and of course they are of no interest to the big investment firms, because the brokers can't tell a good story about them to their clients...
...Richard Poindexter, 54, who was close to him in childhood. "We knew he was extremely intelligent and seemed even then destined for greater things." The son of a banker, John Marlan Poindexter grew up in Odon, Ind. (pop. 1,400), described by Richard Poindexter as a "very conservative, Bible-belt community." A thin, shy and bookish child, Poindexter was an exemplary student who won appointment to the U.S. Naval Academy from the late Republican Senator Homer Capehart. Poindexter's mother Ellen recalls that the Senator once sat in the family's living room on a Sunday afternoon and told John...
Almost every airline passenger has had the annoying experience of having keys, a belt buckle or some other bit of metal set a detection device buzzing. But how well do airport guards spot passengers actually carrying guns? To find out, the Federal Aviation Administration conducted a four-month test late last year in which agents, each packing an inoperative pistol in carry-on luggage or clothing, tried to sneak the weapons through airport gates around the country...
Jennifer A. Litt is packing for Chicago too. After a summer at the Bennington, Vermont writing program, she will move to Illinois to act, direct and write. With one prize-winning, published play already under her belt and a partially completed novel, Litt says she feels secure about her writing. "I'm much more scared about going into theater, but I will," she says...
...days is being solicited by Falwell, who claims PTL requires that amount to consolidate its loans and pay 40 TV stations to which it owes $8 million. Survival depends on keeping the daily PTL show on its broadcast and cable systems so that money will continue to roll in. Belt tightening and staff cuts (including the Bakkers' $45,000-a-year housekeeper) have dropped the monthly operating deficit from $2 million...