Word: fallen
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SEATTLE--Seattle fans have fallen in love with Ricky Watters. They also love the Seahawks' defense...
...Greenspan was warning against "irrational exuberance" in the stock market. Several other wise elders expressed hope that last week's correction will have the cleansing effect of strengthening the historic relationship between stock valuations and the earnings of the underlying companies--a notion that had fallen out of favor after years of "momentum investing," in which all that mattered was that someone would buy the hot stock that some greater fool would soon bid up to an even higher price. The price-earnings ratio for the S&P 500 has approached a record 30 this summer, twice its historical norm...
Investors large and small who had put money overseas in search of diversification, or simply higher returns, were sorely disappointed last week. Day after day, one giant U.S. bank after another came forward, like sheepish A.A. members fallen off the wagon, to confess they had succumbed to the lure of big returns from Russian investments on which--surprise!--the Yeltsin government has defaulted. Citicorp announced that its earnings for the third quarter will be cut by about $200 million in Russian losses. The price tag at Bankers Trust, about $260 million; at brokerage firm Salomon Smith Barney, $360 million...
...moment informed by the prejudices born of America's recent "stewardship" of South Korea, they come together in a Tennessee college town: Katherine, a fallen Southern belle, and Chang, a visiting Korean student. Initially, their interwoven stories seem as uncomfortably mismatched as they themselves are. Chang's vivid memories of the Korean War, peppered with brutality and salted with bitterness toward his countrymen and his American mentors, block his ability to envision a future. Katherine too suffers from jolting betrayals that have left her alienated from family and home. But in and through each other, they discover a capacity...
Trading jobs for votes may be one Boston tradition that's fallen by the wayside, but the city's politicians still do most things the old-fashioned way. There aren't many other places in America where a candidate can declare himself an "unabashed, unrepentant, unreconstructed liberal"--and leave most of his opponents wishing they'd come up with the line first. But Massachusetts' Eighth Congressional District isn't like anyplace else. Encompassing nearly half the city of Boston, all of what locals call the People's Republic of Cambridge, and several limousine-liberal suburbs, the Eighth has sent just...