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...millions of Americans who have poured a record torrent of their hard- earned cash into mutual funds, this should be the best of times. Last Thursday the Dow Jones industrial average went over 3700 for the first time ever, bearing with it the yields on many stock and bond funds. The average aggressive-growth fund has risen 29% in the past 12 months. Corporate-bond funds gained 13% overall. Commercial banks, fully aware how anemic their certificate-of-depo sit rates look in comparison, are actively luring customers into the wealth-generating world of funds. As a result, mutual funds...

Author: /time Magazine | Title: The Siren Call of Mutual Funds | 11/8/1993 | See Source »

...economy picked up during the summer, expanding at a 2.8% annual rate despite floods and droughts that cut agricultural output, the Commerce Department announced. Inflation sank to a 1.8% annual rate, the lowest since 1986. On the strength of that news and of strong corporate-earnings reports, the Dow Jones industrial average hit two record highs and briefly crossed the 3700 barrier...

Author: /time Magazine | Title: The Week October 24-30 | 11/8/1993 | See Source »

Willis and his accomplice, who fled the officers and was not apprehended, shattered a plate-glass win- dow at the Radio Shack store at 28 JFK St.around 1:30 a.m. and stole a VCR, according to thepolice report...

Author: By Andrew L. Wright, | Title: Alleged Thieves Arrested | 10/15/1993 | See Source »

...answer, according to a group of Harvard chemists, is a qualified "yes." In a collaborative effort, Mallinckrodt Professor of Chemistry George M. Whitesides '60 and Manoj K. Chaudhury of Dow Corning showed that water, pulled by a chemical gradient, can indeed travel upwards on a surface...

Author: By Virginia A. Triant, | Title: Forcing Water Uphill | 9/15/1993 | See Source »

...responsible parties. At the Petro Processors sites near Baton Rouge, Louisiana, where 62 acres of land are saturated with liquid petrochemical wastes, cleanup is expected to last well into the 22nd century, in part because of endless lawsuits filed by and against the large corporations -- including U.S. Steel, Dow Chemical, Exxon Corp. and Allied Chemical -- charged with polluting. Bryant Conway, an attorney who represents a landowner with property near the Petro Processors sites, says the companies he deals with use lawyers to stall the cleanup process by legal means. "None of the ceos of these companies wants to have...

Author: /time Magazine | Title: Toxic Dumps: | 9/13/1993 | See Source »

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