Word: dow
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...great deal of fuss was made over the dow's passing 4000 points. Now that it has settled in on a plateau above that lofty summit, people are wondering what it will take to push it to 5000. Old-timers in the market can remember the Dow bumping up against 1000 for 11 years, but lately it's made a brisk ascent: 2000 in 1987, 3000 in 1991 and 4000 in 1995, gaining 1,000 points every 1,400 days. At this pace, it will reach 5000 sometime around the turn of the century...
...what are we talking about here, hiking or investing? As much as is made of the Dow's ups and downs, it's worth reminding ourselves that the Dow is not a member of an alpine club. It's an index of 30 stocks, the Dow Jones industrials, many of which aren't very industrial, unless you think of American Express as a plastics company and McDonald's as a packaging company, with the hamburgers as an afterthought. But industrial or not, they are the nation's most important equities, because 20% of all money invested in stocks goes into...
Selena was born in the blue-collar factory town of Lake Jackson, just south of Houston. After her father was laid off by Dow Chemical, the family moved to Corpus Christi and plunged into the music business. "We went to Corpus Christi to put food on the table when I was 6-1/2," Selena said in the Time interview. "We would play for family weddings. When I was eight I recorded my first song in Spanish, a country song. When I was nine we started a Tex-Mex band." She stuck with it, spending much of her time...
...addition to his duties at Corning, Houghtonis a director of Dow Corning Corp., MetropolitanLife Insurance Company, J.P. Morgan & Co., Inc.and Exxon Corp. He also serves as a trustee of theCorning Museum of Glass, the Pierpont MorganLibrary and the Metropolitan Museum...
...addition to his duties at Corn- ing, Houghton is a director of Dow CorningCorp., Metropolitan Life Insurance Company, J.P.Morgan & Co., Inc. and Exxon Corp. He also servesas a trustee of the Corning Museum of Glass, thePierpont Morgan Library and the MetropolitanMuseum...