Word: bulls
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Beyond the spiritual value of the drum circle, there is also plenty of good old-fashioned flirting. One newcomer hops around a tall, thin belly dancer, charging at her red scarf like a bull...
...equities. In 2001, equities constituted 71% of the assets held by U.K. pension funds. Asks Allan Cook, technical director of the Accounting Standards Board, "Have they taken a risk which is ultimately very serious? Once you've made a loss, how do you get it back?" During the bull market of the '80s and '90s, equity investment proved a bonanza for corporate pension schemes. In 1997, says the U.K.'s National Association of Pension Funds, some plans were doing so well that 34% of schemes took "contribution holidays," using stock-market returns to cover their liabilities. As late as last...
...Congress to assault regulations governing mining, oil drilling and air and water pollution in his 1994 Contract with America, the measures were quickly derailed in committee or vetoed by President Bill Clinton. "Gingrich thought he had a mandate to push antienvironmental measures, and he just put a huge bull's-eye on his back," says Scott Stoermer, communications director for the League of Conservation Voters...
...actors who pick up the megaphone get an immediate Academy reward. Robert Redford (Ordinary People) and Kevin Costner (Dances with Wolves) won Best Director Oscars their first time out, and both triumphed in years when Martin Scorsese, widely acclaimed as the most potent picturemaker around, had strong contenders (Raging Bull and GoodFellas). This year Scorsese is likely to be nominated for Gangs of New York. Does he have nightmares of another first timer--Washington or Clooney--tiptoeing up Oscar's steps...
...After raising an astounding $650 million from investors, he used 125 brokerage offices to manipulate his firm's shares. Under a pseudonym, he even wrote newspaper articles extolling the stock, which rose 370% before crashing in 2001. Lu bragged in an open letter that "the man who killed the bull market was once a common peasant." Last June, six of his cohorts went on trial, though no verdicts have yet been reached. Meanwhile, police are still hunting for Lu, who has gone into hiding...