Word: cut
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Dates: during 1980-1989
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Today and for at least 15 more minutes, Ollie North is in that class. If he were to sustain a paper cut, presses would stop. His rise proves once again that by far the most interesting and mysterious American institution is not the National Security Council or the congressional investigation but celebrityhood. Ollie North was made, as Gary Hart was unmade, in less than a week. Only in America can a man be created between two Sabbaths. And not just the man but the cult. The gavel has barely fallen on the last senatorial reproach to North and we already...
...smaller, more familiar caper. Attached to their stems, these berries could become the status garnish of the year, perhaps replacing olives or lemon twists in martinis. Finnish bakers have a way with malty, palate-scrubbing sourdough rye crisp breads; the latest welcome entry is Kings Bread, crackling thin and cut into elegantly long and narrow shapes. No less delicious and even more delicate are the translucent golden Swiss Cocktail Wafers made by HUG, equally good seasoned with caraway or cheese...
...trillion worth, institutional investors turn over the remaining third at such a rapid pace that they account for 80% of all stock transactions. Private investors are much more likely to sit tight with chosen stocks. But the more active individuals are finding their own tools and tricks. They now cut the cost of commissions by ordering through discount brokers, follow obscure companies through a growing number of newsletters, keep their holdings in convenient cash-management accounts and even get stock quotations through hand-held radio receivers...
...securities. Small-time investors generally shun stock options, futures and other risky instruments unless they have carefully constructed a way to use them as a hedge against losses in their common-stock portfolio. Finally, they frequently establish predetermined selling points at which they will dump a stock to cut their losses or capture their gains. Says Melissa Lamb, 28, a Manhattan real-estate broker who is learning the hard way: "I have picked some good ones, but I just wait and wait in the hope of a bigger profit, until all the profit evaporates...
...proposed Strategic Defense Initiative may be playing a central role in the Kremlin's thinking. Gorbachev has a history of performing deft flip-flops on whether to demand SDI restrictions as a condition for other arms-control agreements. A year ago, he indicated that an INF deal could be cut separately. That led to October's Reykjavik summit. There the Soviets proposed a package deal, including acceptance of Reagan's zero option on INF in Europe along with deep cuts in strategic weapons and restrictions on SDI. The deal fell apart because Reagan felt Gorbachev was going...