Word: downwards
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...part of what got MicroStrategy into hot water. In one case, the firm booked the full value of a complex $50 million software-and-service sale even though the money would be collected over a multi-year period. Result after the restatement: the company's 1999 sales were revised downward from $205 million to about $150 million. Earnings vaporized...
PRESIDENT CLINTON is nearing a decision on whether to add Pakistan to his historic trip to India this month, and advisers know he'll be criticized no matter what he does. The visit promises to be the riskiest of his presidency, since India-Pakistan relations are spiraling downward, and both countries are now armed with nukes--but without the nuclear doctrine to prevent or limit their...
...time trading was finished for the day, the Dow had plunged 3.7 percent, or nearly 400 points. The downward spiral was aided by the Street's current climate of uncertainty, courtesy of Alan Greenspan's repeated indications that he'll raise interest rates until the stock market bubble deflates. "Greenspan is targeting the NASDAQ, which is totally inflated with all those tech stocks," says Kadlec. "But unfortunately, the Dow is really being caught in the crossfire." But not even the NASDAQ went unscathed today. After surpassing 5,000 for the first time ever in Tuesday morning's trading, the tech...
...House of Beef, Ricky was writing his college entrance essay in support of keeping the House of Lords. Ricky's fanaticism started in the fourth grade when an English transfer student offered him a copy of Pride and Prejudice in the playground. Since then it has been a downward spiral into the bowels of English culture. Yet the freshman declined to study in England in lieu of the lesser Cambridge School, Harvard...
Other, smaller factors have put downward pressure on the crime rate and should continue to do so. Better technology means you can install more sensitive alarm systems in your home and carry less cash on the street. The wane of Jack Daniels (and the rise of Evian) has yielded fewer drunken rages. Finally, although the prison-building boom sparked protest from those who insist we should spend the money on rehabilitation, no one can argue with cold reality: jails and prisons today lock up nearly 2 million people, and you simply can't knock over a 7-Eleven...