Word: fretting
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Amid the hubbub, some British financiers fret that Big Bang will eventually become a big bust for purely local firms. British investment houses, they note, are badly undercapitalized compared with their American and Japanese rivals. Britain's largest merchant bank, Morgan Grenfell, has a market capitalization of only $988 million, in contrast to Nomura's ($34 billion) or Salomon Brothers' ($6.6 billion). The worry is that unbridled competition will force many more old-line British houses to merge or go out of business. Says Ian Kerr, a British executive with Kidder, Peabody International: "The City of London has handed itself...
While farmers fret about how to store the huge harvest, much tougher questions will loom as unavoidably as tarpaulin-covered mountains of wheat. The unsentimental truth is that America's farm industry, once a source of pride and power, has become an economic burden. Because so many other countries have improved their agricultural output, maintaining America's vast farming capacity is now a costly exercise in excess. During fiscal 1986 the expense to taxpayers for supporting farm programs will reach, according to the Government's estimates, $24 billion -- a 36% increase over last year. As exports shrivel and imports increase...
...condition caused by too much inquiry. "Constantly accumulating new information . . . without giving the mind a chance to percolate and come to a conclusion intuitively can delay any important decision until the time for action expires," he says. That is "substituting study for courage." He advises executives not to fret about their lack of experience. Rowan recalls that King Gillette was a bottle-cap salesman when he dreamed up the safety razor. Concludes Rowan: "Inexperience may make us more daring...
...long as things seem prosperous, but there have been signs of increasing worry lately. Just paying the interest on the national debt now takes $143 billion, much of it going to foreign banks that can call in their loans whenever they begin to mistrust the dollar. Worriers also fret that the trade deficit has climbed to a scary $145 billion or so annually. Meaning that it is now the U.S., not Mexico or Brazil, that is the world's biggest debtor nation. And banks keep crumbling (120 of them went under last year). This does not mean that...
Suzanne Farrell is a lucky dancer. She is 39 now, and still the most exciting ballerina in the world. Purists may fret over whether her lower back is as springy as ever, but the years have if anything enhanced her artistry -- the daring and the inspired eccentricity with which she can ignite a dull ballet and redefine a great role. Farrell created her own biggest stroke of fortune simply by inspiring George Balanchine over nearly two decades to create a necklace of marvelous parts for her; it is surely the richest repertory of any dancer within memory...