Word: cut
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Dates: during 1990-1999
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When it comes to Yale, we can joke about safety schools and them "working for us one day" and no one will take offense because, to most of the rest of the world, Harvard and Yale are cut from the same elitist cloth. If Harvard and Yale students are going through similar college experiences and probably headed in the same direction anyway, what's wrong with a little good-natured teasing? If the taunts were true, of course, they would be mean. But because they are concealed beneath a veil of mutual respect, they're harmless...
Barring a catastrophe, there is little likelihood that the space station won't fly. Too much money has been spent and too much metal has been cut for it to be scrapped now. But however much work the ISS eventually does, the lessons it yields will probably be less scientific than bureaucratic--lessons about how, and how not, to get a project like this done. "Most of the functions of the space station have disappeared," says Alex Roland, chairman of the department of history at Duke University and a former NASA historian. "NASA is mortgaging its future for the next...
...Something New to Me, kids may understand the line "This world is such a gas!" followed by an impolite noise, and the baleful "I can barely hear myself suck!" but not the pouty "I miss my old womb," and maybe not the exchange between a female voice ("Man, they cut my cord!") and a male ("Awww, consider yourself lucky"). Side benefit of taking your kids to the movie: it was probably time to explain the miracle of circumcision to them anyway...
...Reserve's new bias toward easier credit. Shares of the Chases and Citigroups were flying out the door. An index of bank stocks peaked in July at 932, then plummeted to 592 in early October before vaulting back to 789 on Nov. 5, after the Fed's second rate cut...
...that smacks of opportunity. If we step away from the transient worry about whether the Fed will cut rates further when it meets this week, we can see that bank stocks are selling for substantially less than almost any other sector of the market. Tech, drugs and even oil shares trade at a much higher valuation, relative to expected earnings. Why? Because many bank loans have gone bad in Asia, Russia and Latin America, not to mention the Long Term Capital hedge fund...