Word: boons
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...biggest boon, however, is the seemingly relentless bullishness of the market. The remarkable run of the Dow Jones industrial average began in August 1982 at the lowly level of 776.92. The Dow, having more than tripled in value since then, is now so high that investors sometimes get a kind of queasy altitude sickness that requires a retreat. That is what happened this spring, when a sizable sell-off sent the Dow tumbling 190 points from a record 2405.54 on April 6 to a low of 2215.87 on May 20. But then the Dow began a summer surge...
...desire of so many investors to make their own decisions has become a boon for discount stock brokerages. These firms charge smaller commissions than full-service investment firms because, unlike the traditional houses, the discounters provide no advice or portfolio management. For example, on a sale of 100 shares of a $60 stock, a discounter's commission would be about $50, in contrast to nearly $100 at a full-service brokerage. As a result, the percentage of retail stock transactions placed with discounters has increased from 8% in 1982 to an estimated 22% this year. Most successful is San Francisco...
...whose money-market funds could legally offer much higher yields than the 5 1/4% maximum savings-account rate. But the Depository Institutions Deregulation and Monetary Control Act gradually abolished limits on interest, enabling banks and thrifts to offer lucrative accounts like Super NOW checking. The new law was a boon for savers, since it touched off interest- rate wars among financial institutions competing for consumer deposits...
Such industriousness has been a boon for the troubled Times, the conservative newspaper owned by a group of Korean investors affiliated with the Rev. Sun Myung Moon's Unification Church. Founded in 1982 as an alternative to what the Times has called the "town's 800-pound gorilla," the mighty -- and liberal -- Washington Post, the five-day-a-week paper has not entirely erased its image as a "Moonie" sheet tainted by its owners' politics. Still, the Times has gained a place at some of the capital's most powerful breakfast tables, and is among the few newspapers that...
Anton Hopfinger, a chemist at the Chicago campus of the University of Illinois, is using computer graphics to identify the site where adriamycin, a chemotherapy drug, binds to cancer cells. "Molecular graphics has been a real boon to the study of large molecules and proteins," he says. "You can think of it as the equivalent of landing an airplane on an aircraft carrier, except in this case you're sitting on the drug molecule and landing on the DNA molecule. If you didn't have graphics, it would be like being blind and still trying to land on the aircraft...