Word: bets
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Dates: during 1980-1989
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...evolutionary step between the big bang, when the universe began, and the mature cosmos that is observable today. Though there is no final proof yet, many astronomers find Elston's circumstantial evidence convincing. Says Patrick McCarthy, an astronomer at the University of California, Berkeley: "This is a very good bet. If they can prove it, it will wipe out a number of theories on the formation of large-scale structure in the universe." Declared Hyron Spinrad, another Berkeley astronomer, more simply: "If true, it's spectacular...
Because there is no vaccine or cure for the disease, prevention is still the best bet. "I'd recommend that any sore throat be cultured," New England's Schaller says. Other experts are worried that parents and doctors too young to remember the rheumatic-fever wards of the past may not recognize the warning signs of a forgotten menace until too late...
...central banks handily accomplished their short-term goal. "They have sent a message: It is no longer a sure thing to bet against the dollar," says Robert Hormats, vice chairman of the Goldman, Sachs International investment firm. Intervention, however, can be used only for fine tuning a currency's general direction. Too much intervening can disrupt a country's domestic economy. West Germany in particular is getting weary of issuing so much of its own currency to trade for dollars, a process that can lead to inflation...
...proposal would bring under one master two radically different kinds of markets. An investor who buys stock gets tangible shares of a corporation, which can be held for the long term. The person who buys or sells a stock-index future, in contrast, is making a short-term bet on which direction the overall market is going to go in the near future, usually a month or less. Thus the Chicago Merc is used primarily by brokerage firms and speculators seeking quick profits, and by money managers who want to hedge their portfolios against losses in the stock market...
With Co-Captain Russ Ball and Darius Pandole--traditional singles tournament participants--playing, the Crimson is a good bet to recapture the title from Mexico. Last year, the Crimson reached the finals before dropping a 4-1 decision to the Mexicans...