Word: feds
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...inspiring show of American women in the Olympics last year, attributable to the passage of Title IX 25 years ago, has fed the W.N.B.A. in the same way that Teresa Weatherspoon (T-Spoon) feeds Sophia Witherspoon (Serving Spoon) for the New York Liberty. Indeed, these are halcyon days for women's sports. Tennis star Martina Hingis has won more money so far this year than such athletes as Tiger Woods and Pete Sampras. The Women's Professional Fastpitch softball league, concentrated in the Southeast, has been pulling in fans and TV viewers in surprising numbers. Two new magazines (SPORTS ILLUSTRATED...
...group is especially concerned about the potential for outflows from mutual funds, which have become swollen with individual's deposits this decade. One of the group's first courses of action during a crash would be to call fund companies to monitor activity. Another virtual given is that the Fed would cut interest rates, as it did in 1987, putting enough money into the economy to ease bottlenecks. That single act--cutting rates--is widely viewed as having greatly limited the carnage...
...before sundown, the wagon train made camp. I had walked only a few miles that day, but I was parched and exhausted. A meal was served. I sat in the dirt and devoured a plate of meat loaf, while around me devout believers watered horses, repaired bent wagon wheels, fed bottles to crying infants. In just a few days, to quote their ancestors, they would cross the mountains and be "safe in Zion." I could not help wishing them well. In their epic trek across Smith's American Eden, they have lost more paradises than they've found...
COMPETITIVE ADVANTAGE England led the Industrial Revolution and fed it with natural resources from its colonies. The pace of technological innovation was extraordinary and included the steam engine and the Bessemer steel converter. England produced more steel, locomotives and textiles than anyone else. Its economy grew fourfold from 1851 to 1911. Since the British pound was tied to gold, it was a global currency and helped make England the center of international banking...
...their relatives with long-lost money. The lists are an unprecedented step for the famously discreet Swiss banks, and certainly a nifty PR move, coinciding today with the Swiss Bankers Association's announcement that it had found $15 million more that may have belonged to Holocaust victims. Ex-Fed chairman Paul Volcker, who heads an international body charged with tracking missing Holocaust assets, says a new list to be released in October will name not only foreign depositors but Swiss nationals who may have acted as agents for Holocaust victims or even Nazis. "I think there could be a large...