Word: boilers
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...some lawyer. How else to explain soaring Internet IPOs despite pages spelling out potentially fatal risks? Addressing this issue in his 1996 IPO of Berkshire Hathaway B shares, Warren Buffett in bold letters urged all to read the material and "ignore anyone telling you that these statements are boiler plate or unimportant." That's a start. But be ready to check further...
There are plenty of risks for investors in this brave new e-world. So-called boiler-room operators who tout highly speculative or fraudulent stocks in order to unload them at a profit--pump and dump in the parlance--can reach vast audiences through chat rooms and bulletin boards. The Securities and Exchange Commission has been flashing red lights, bringing--and winning--40 complaints alleging scams against stock promoters since 1996. (The rule here: if it sounds like too much of a good deal, it probably is. The agency has a cyberspace alert on its website: www.sec.gov...
Approximately 200 University buildings are currently heated with steam although only Radcliffe and the Quadrangle have their own boiler rooms, says Hawkes...
Hawkes says buying steam has advantages and disadvantages. "Nothing is a bargain," he says. "This system allows more space in [University] buildings and better use of space without having boiler rooms in each building." Hawkes also adds that steam heating is a lower maintenance system for the University...
...first went up, they featured Madame C. J. Walker, a hair-care product inventor who became a self-made millionaire; Edward A. Bouchet, the first African-American to receive a doctorate from an American university with his physics Ph.D. from Yale; and Granvile T. Woods, who invented the steam boiler furnace and an automatic air brake used to stop trains...