Word: dwarf
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...player in investment banking, with the Travelers-owned Smith Barney brokerage, which is stronger in stocks. The Travelers umbrella also includes companies that sell life insurance, property and casualty insurance, annuities, mutual funds and credit cards. Travelers Group's stock market value of $55 billion will now dwarf such giants as Merrill Lynch ($24 billion) and the newly formed Morgan Stanley, Dean Witter Discover ($33 billion). Its securities division, recast as Salomon Smith Barney Holdings, instantly joins Merrill and Morgan in the very top tier of Wall Street houses...
...canny play in a market whose stakes dwarf any product or service the Web has yet to offer. A recent report by Forrester Research puts the amount of assets invested online in 1997 at $120 billion and projects that by 2002 the number will rise to $688 billion. Already, cyberspace brokerages like E*TRADE and e.Schwab are filching millions of dollars in business from land-based icons like Merrill Lynch and Smith Barney by using the Web's data-processing efficiencies to cut pricing to the bone. E*TRADE charges a commission as low as $14.95 for a 100-share...
...someone of Mother Teresa's caliber could have died and not end up as the lead story on the evening news (which would have suited the self-denying saint of Calcutta just fine). Once it was announced, the news from Paris loomed like a tidal wave that seemed to dwarf the rest of the world. All of a sudden nobody cared about Mir or Miami, the Olympics or E.coli; the People's Princess was from our hearts untimely ripped, and that...
Already there is reason to think that the El Nino brewing in the Pacific may dwarf just about any other seen in this century. The swath of equatorial ocean over which it holds sway extends some 6,000 miles, a quarter of the globe's circumference. Temperatures at the sea's surface have been rising so rapidly that they seem likely to equal those of the notorious El Nino of 1982-83, which left 2,000 people dead and $13 billion in economic losses. "That was the biggest El Nino we know of," says climate modeler Stephen Zebiak of Columbia...
...first appeared on earth 400 million years ago, and after about 200 million years of evolutionary trial and error, nature pretty much ran out of ways to improve on its handiwork. Today more than 350 species swim the planet, ranging in size from the less-than-1-ft.-long dwarf shark and pygmy ribbontail catfish shark to the 50-ft. whale shark. Sharks have insinuated themselves into every marine environment from the Arctic to the tropics. One species, the bull shark, even ventures into rivers and lakes as far as 2,000 miles from the nearest salt water...