Word: explaining
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Dates: during 1990-1999
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Williams had also been careful to conduct community meetings (more than 150 in all) to explain his austerity measures in plain language. A draft-Williams movement began--not in a white establishmentarian's home this time, but in struggling Ward 7. In May, after months of saying he wouldn't run, he decided to go for it. The campaign, so far, has been a dream. Contributions flow in like lobbyists into Congress. Williams' main primary opponents are three longtime council members forced to answer at every stop for the various crises the city suffered. Last week opponents began raising 11th...
What emerged instead was a fearsome slew of questions born of other disasters. As the slow search for debris, bodies and the telltale "black boxes" proceeded--a ritual so morbidly familiar from the TWA Flight 800 crash two years ago--speculation reached for existing paradigms that would explain the fate of a plane belonging to an airline of sterling reputation. What is known of the cockpit's communications with air-traffic controllers appears to rule out terrorism. But not the terror of mechanical failure. And so the questions were asked. Was it a problem akin to what most probably destroyed...
...real test, though, won't come until later, when new investors face the results of their first sustained market decline. An unprecedented 43% of adult Americans are now invested in stocks, up from only 21% in 1990. (That helps explain why we are hearing less Schadenfreude over the discomfort of Wall Street yuppies than in past corrections.) A striking 57% of all household assets today are allocated to equities. Small wonder: the market has doubled just since 1994. But these investors are about to get account statements showing declines of 20% to 30%. Even if they have been...
Alleged sissy. Tyson denied the charges through an attorney and has an Oct. 2 court date to explain himself...
...confounding as the frenetic trading that goes on in many funds--even though the very fund managers triggering the trades preach patience to their investors. Lay the blame on pressure for short-term results, if you like. But these paradoxes seem idiotic to me and probably help explain why most funds fail to keep pace with the market. They don't practice selectivity and patience...