Word: dived
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Junior year in high school, Greene's New York coach left to take a coaching position at SMU. Greene also decided to leave the Muggers and enroll at Phillips Academy. "The diving program there was horrible so I came in here to Harvard to dive with the age-group team," says Greene...
Greene is very much looking forward to these Easterns and the strong competition. "There isn't a lot of good competition in our dual meet season. I need to motivate myself because I could dive poorly and still win most meets but I wouldn't feel good about it," Greene says...
...Seawolf's high-tensile steel hull will withstand pressures of 100,000 lbs. per sq. in., permitting the sub to dive to depths between layers of water at different temperatures where it can hide from enemy sonar. When it comes time to surface, not even the polar ice cap will be able to keep the Seawolf down. The low, streamlined sail -- conning tower to landlubbers -- will be hardened to absorb the shock of breaking through the ice. Retractable bow planes will permit the Seawolf to navigate under the Arctic, the huge (5.4 million sq. mi.) new battleground of underwater...
...idea behind portfolio insurance is deceptively simple. During a rising market, a fund manager pays a premium to an insurer in return for a promise that the value of his portfolio will not fall more than a specified percentage if the market takes a nose dive. Investors have long searched for such a perfect hedge, and with the advent of new investment tools in the early 1980s, & it looked as if they had finally found one. Says Hayne Leland, the Berkeley finance professor who came up with the scheme: "We felt we had a reliable instrument...
...what happened on Oct. 19? Basically the scheme was undone by its own success. When the stock market began to dive, all the portfolio insurers started selling futures at once. As the price of the futures collapsed, the stocks followed suit. That triggered further selling by the portfolio insurers, reinforcing the downward spiral. One of the biggest, Wells Fargo, sold $1.6 billion in futures on Black Monday alone. This was more than the market could absorb. Says Capital's Kirby: "It's like a guy driving into a parking lot with the Queen Mary and asking, 'How come these guys...