Word: dow
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These should be heady times for Fidelity Investments, the mutual-fund giant that manages $450 billion worth of other people's money--very probably including some of yours. The Dow Jones and Standard & Poor's 500 both hit record highs last week, confounding expectations that a serious stock-market correction was at hand. The flow of money into mutual funds this year is torrential, and has already set an annual record. But Fidelity, the biggest fund company of all, known for its arrogance and aggressiveness, is under unprecedented strain. Some of its biggest funds are lagging behind the benchmark...
...same time that the heroine is drifting toward a bad end, Didion's narrator is working on a magazine profile of the one person who might be able to save her: State Department troubleshooter Treat Morrison. "This was a man who could pick up the telephone and affect the Dow, reach the Foreign Minister of any one of a dozen NATO countries, the Oval Office itself." Morrison jets to the unnamed island where Elena is waiting to be paid, and the two of them...fall in love. "This is a romance after all," Didion's narrator confesses. It doesn...
...raised holy hell with me," Dow said. "He kept calling me on the telephone, writing letters, always.... After about six weeks of bombardment, I told him I'd do it. I couldn't stand the pressure...
...Dow said he is optimistic about the chances of presumptive Republican nominee Robert J. Dole, despite polls that place the former senator 20 points behind President Clinton...
...give a damn about those things," Dow said. "The fact is, it's the grassroots that count, not the polls...