Word: explains
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Dates: during 1990-1999
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...second major advantage of a fully-funded system is that it provides individuals with a greater rate of return. A brief example, drawn from work by William Beach and Gareth Davis at the Heritage Foundation, will help me to explain this point. Consider an average household consisting of two 30-year-old working parents with children. In today's dollars, that couple will pay approximately $320,000 in payroll taxes over their lifetime, and will receive $450,000 in benefits during their retirement. This represents an annual rate of return of 1.23 percent. In other words, the Social Security system...
...Percentage of sixth-graders who could explain what a modem does...
...into a computer and auctioned on a global network. Different investors, looking to buy different kinds of returns for their money at different times, would step up and buy the various chunks of risk. Because these risk bundles were derived from the underlying investments, they were called derivatives. To explain this new world, Sanford embraced what has come to be known as the theory of particle finance. Just like quantum physics, which involves looking deep inside atoms to understand how the physical world works, Sanford proposed looking deep inside every investment to understand better how markets work...
...English section, I immediately explain my garb, which sparks a discussion of whether clothes should be important at all. Even with my explanation, the other students can't help sneaking peeks at me during the section. One boy, who came late and missed the explanation, can't keep his eyes off of me. Unlike the bold stares of yesterday, however, his stare comes in spurts, as if he's trying not to let me see him stare. Almost worse than invisible, I feel like a shrine, too holy for mortal eyes...
...then we remind ourselves, revitalize our socially active urges and attempt to explain it to others...