Word: bumped
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Well, almost every investor. Last year Steinhardt hit a speed bump, as did most other big hedge funds like George Soros' Quantum Group and Julian Robertson's Tiger Management. Neither however, suffered as badly as Steinhardt's funds, which lost 29% of their value during 1994, owing largely to the plummeting price of European bonds, in which Steinhardt had invested heavily. Says he: "I made a vast amount of money in 1993 on the same bet. Nevertheless, the pain in 1994 was far greater than the pleasure...
...team puts forth its best effort, sequencing a bump, a set and a spike together--and the other team throws it all back in its face. It's not just a defeat; it's a humiliation...
...held at Wright-Patterson Air Force Base in Dayton, Ohio, starting on October 31. TIME's Douglas Waller reports that the State Department sought a large facility that has roughly equal houses for each president -- where, as State Department spokesman Nicholas Burns put it, "they don't have to bump into each every morning over orange juice. They're all presidents and they don't like each other. If you put Milosevic in a building that's nicer than Tudjman's, there are going to be problems at the very beginning of the talks...
Many things go into the making of a movie classic, but Alfred Hitchcock's timeless thriller is inseparable in our memory from Bernard Hermann's eldritch, bump-in-the-night score. Through out the Golden Age of Hollywood, the music of composers like Hermann, Erich Korngold, Max Steiner, Miklos Rozsa, Alfred Newman and others was an integral--and often unforgettable--part of the motion-picture experience. What is Gone With the Wind without Steiner's haunting Tara's Theme, or Lawrence of Arabia without Maurice Jarre's heroic, expansive opening music? Why can't they write them like that anymore...
...often at a loss to interpret a law that demands "reasonable accommodation" of the disabled yet allows that compliance need not incur "undue hardship." At a time when voters are feverishly opposed to more regulations and higher taxes, the country's 85,000 state and local government agencies bump up against public resistance when they want to spend money to benefit a relative few. "That's taking time and resources that could have been used in a lot of other ways," says Wally Douthwaite, city manager of Des Plaines, Illinois, which spent $2 million to improve sidewalks and curbs...