Word: caps
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Dates: during 2000-2009
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Winners WANG ZHIZHI Chinese hoopster joins Dallas Mavericks. Will he procreate as freely as his fellow N.B.A.ers or stick to China's one child policy? QUINCY JONES Mega-producer named a commander of French Legion of Honor, dons funny cap and epaulets. No, wait, that's the French Foreign Legion JIM SHEKHDAR English rower crosses Pacific under his own power, swimming last 50 meters. Upends all clich?s by having a beer as soon he makes land...
...Market cap under his reign has gone from $3 billion to $62 billion - "until last week," he chortles, looking at the chart being projected on a megascreen nearby. Last week, alas, the stock was off 30 percent from its October highs. "Another chart that is no longer true," he says to laughs. Then the shareholder graphic flashes and he winces. "It used to be my favorite...
...Such large-cap global technology players are special cases, however; the European economy overall isn't so dependent on doing business abroad. Economists have a rule of thumb that a one-percentage-point decline in U.S. growth would take something between .2 to .4 points off Europe's growth...
...Behind the scenes, Treasury Secretary Paul O'Neill argued for an even bigger push, telling Bush in a Feb. 27 memo that the main problem with the as-yet-unratified global-warming treaty was that it didn't go far enough. While O'Neill stopped short of endorsing a cap on carbon-dioxide emissions, Bush aides were worried about green creep...
THAT'S NO SMALL VALUE During the tech boom, small-cap value funds were about as exciting as coin collecting. Their boring, old-world holdings--industrials, retail and the like--remain the "antitech," but these days that's a plus: low p/e ratios, slow growth and sane market caps. Now that big is bad and growth is yesterday's (or tomorrow's) news, small caps will provide some shelter from the tech storm...