Word: bullishness
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William Parish is bullish on energy -- literally. Ten months ago, the former California real estate lawyer opened the first commercial plant designed to produce electricity by burning cattle dung. Situated near El Centro, Calif., the Mesquite Lake Resource Recovery Project generates 17.5 MW per hr. -- enough to power 15,000 homes -- and sells most of it under a 30-year contract to Southern California Edison...
...been eclipsed by a need to keep the economy afloat. As a result, interest rates on three-month Treasury bills have fallen from a high of 9.4% in late March to 7.9% last week. The clarity of the Fed's purpose has sent Wall Street on a bullish stampede to post-October 1987-crash highs. Last week the Dow Jones average climbed 53 points, closing...
Wall Street gave the report a mixed reception as economists debated whether the figures foreshadowed merely sluggish growth or a genuine recession. Bullish investors initially set off a rally Friday on the assumption that inflation might no longer be a danger and the Federal Reserve Board would soon allow interest rates to fall. But fear of a slump took hold later in the day, sending the Dow Jones Industrial Average to 2381.96 at the closing bell, down 2.94 points for the day and 36.84 for the week...
...concert last November drew fewer than 80,000 subscribers. Viewership for the Sinatra- Minnelli-Davis concert is still being tabulated, but will probably fall well short of 100,000. Still, the concert's packager, Showtime Event Television, is pursuing other big stars for PPV events, and industry executives are bullish. "We're building an electronic arena," says Jeffrey Reiss, chairman of Request Television. "The day will come when Bruce Springsteen will be playing pay-per-view at the end of his tour. We're betting on the future...
Scorsese is hardly a highly verbal filmmaker. His gift is to pack the equivalent of a thousand words of dialogue into a single elegant image. Life Lessons is about a bearish artist (Nick Nolte) whose reputation is currently bullish in chic circles but is distinctly on the decline as far as his lover assistant (Rosanna Arquette) is concerned. Both actors are excellent, as is Richard Price's script, which is taken from a passage in Dostoyevsky's life. But it is from the observation of simple things -- a slo-mo close-up of a cigarette being discarded, a brush slathering...