Word: firm
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Dates: during 1990-1999
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Henry N. Cobb '47, whose firm, Pei Cobb Freedand Partners, agreed to take on the project; andLaurie Olin, former chair of Landscapearchitecture at the Harvard Graduate School ofDesign, whose Philadelphia firm was recentlyengaged to consult on the Knafel Center, werepresent at the meeting...
...with government-issued numbers. Government money will still exist, but so will dozens of other currencies, each tailored to a specific need and endlessly convertible and exchangeable. The best money, in short, will be the smartest money. Says Howard Greenspan, president of Toronto-based Heraclitus Corp., a management consulting firm: "In the electronic city, the final step in the evolution of money is being taken. Money is being demonetized. Money is being eliminated...
...Even old-style tax cheats would be entranced by an anonymity that would allow them to earn income without forking over a chunk to Uncle Sam. And that means rejiggering the IRS--and quickly. "Digital cash has no boundaries," explains Richard Rahn, president of Novecon Ltd., a technology consulting firm. "The cybermoney revolution makes some forms of tax evasion very easy." And these innovations even call into question the role of the Federal Reserve as arbiter of the nation's money supply. "The more such innovations succeed, the less the public has to rely on central banks as direct sources...
...what does the adult Barnaby do for a living? Why, he goes into people's houses as an 11-year employee of Rent-a-Back, a Baltimore firm that performs, for a fee, household chores that are impossible for the elderly or infirm. And sure enough, one of his clients eventually accuses him of stealing $2,960 in cash stashed in a flour...
...bank stocks have risen nearly twice as fast as the average stock, which itself has risen nearly twice as fast as the historical norm. They've jumped over Standard & Poor's 500 every year since 1994, according to David Berry, research director at Keefe Bruyette & Woods, an investment firm specializing in banks. The outsize gains this decade have left bank stocks looking plenty expensive. Based on estimated 1998 earnings, and relative to the S&P 500, stock prices for 24 major banks that Berry tracks are at their highest levels in 20 years. That leaves them vulnerable to a turn...