Word: fourth
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Dates: during 1970-1979
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Harvard track star Mel Embree came in fourth in the high jump in the Penn Relays last weekend with a jump of 7 ft. even. Ben Fields of Seton Hall lept 7 ft. 1 1/2 in, to win the event. Embree was the only contestant from Harvard to participate in the Penn Relays...
...prize money and one more winner's jacket at the Masters Tournament in Augusta, Ga. Others were more acutely aware of Nicklaus' achievement. "I can't say how I feel," said an anguished Tom Weiskopf, who lost the lead and eventually finished second (for the fourth time), in a tie with Johnny Miller. "How do you describe pain?" For Nicklaus, the tournament's most exhilarating moment came on the 16th green, where the Golden Bear sank a meandering 40-ft. birdie putt, then bounded into a victory dance. Miller, playing one hole behind, was later asked...
...must still undergo severe readjustments, most notably in further inventory reductions. "To get too gleeful now is like saying, 'Great, we don't have cancer, just a serious infection.' " Nathan expects that if an upturn does take place this year, it will not occur until the fourth quarter...
Arthur Okun of the Brookings Institution reckons that the bottoming-out process could begin as early as this month or as late as October. "Once we get started, we will have a lot of bounce-back," predicts Okun. "By the fourth quarter, I am willing to bet we will see very strong gains." William Tongue, a University of Illinois economist, expects the recovery to take the shape...
Still, the Street's dependence on fixed rates is axiomatic; were it not for an emergency 8% commission increase granted last November by the SEC-a fillip that boosted fourth-quarter profits in a withering market-Wall Street as a whole would probably have lost money last year. And there is little comfort for the Street in knowing that negotiated rates are really nothing new. They went into effect four years ago on trades of $500,000 and above, a move that benefited large institutional investors such as life insurance companies, pension funds, mutual funds and banks...