Word: caps
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Even if the final legislation looks nothing like what Clinton proposed, the President's plan will at least mark the end of the politics of avoidance on this issue. Archer, who has announced his retirement, would love to cap his years in Congress with a major deal. Historians may also smile on the plan. After all, a game of chicken ends only when the more responsible player swerves to avoid disaster...
That suspect is described as a "[l]ight skinned black male, possibly Hispanic, 18-20 years of age, khaki baggy pants, possibly a baseball cap and a slight mustache...
...this corner the old tech champion, weighing in at $235 billion in market capitalization, built on decades of solid earnings: Intel. And in the other corner the new tech challenger, having briefly hit $50 billion in market cap last week, and with dynamite earnings potential: Yahoo. These two heavyweights, by coincidence, held overlapping conference calls last week to discuss their fourth-quarter earnings reports with investment professionals. Intel is a bellwether because of its ubiquity in personal computers, so it has always drawn the bigger group of acolytes--until this year. Yahoo muscled in with runaway revenue projections, and suddenly...
...took Intel 24 years to reach $50 billion in market cap, while it took Yahoo less than two years. For some, even Intel's price seems hard to swallow, given the relative maturity of its business and its growth prospects. But increasingly, even institutional investors are flocking to stocks like Yahoo as the performance of the Net stocks has put less aggressive investments to shame...
When the settlement was finally reached, both sides were forced to make concessions. The league achieved its goal of limiting the amount players are paid. As a result, basketball is the only professional sport to have a salary cap for an individual player...