Word: funded
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Dates: during 1990-1999
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...Wachtel, who conducted the 1997 audience study, blames their lack of interest on a 1980s decline in arts education in schools. "Today's 18-to-24-year-olds did not have the exposure in their formative years," he says. Most Broadway shows, along with groups like the Theatre Development Fund, are trying to address that by sponsoring organized class visits and events like Kids' Night, when children accompanied by an adult can get in free. Another factor keeping kids away, of course, is high ticket prices. Since its opening, Rent has set aside a block of up-front seats...
When it comes to diversification, many mutual-fund investors fool themselves. Funds with very different names and objectives often hold the same stocks. Now, thanks to a new software program called Overlap ($150 a year; 800-683-7527), fund fanatics can ferret out duplication. Type in any two funds, and the program shows what percentage of stocks they hold in common and their overlap in various sectors like technology...
Coming up with enough money for college these days often seems like a losing battle, but now cash-strapped students have a little more firepower in their arsenal. The Army just raised the maximum benefits that qualified specialists can receive under the Montgomery G.I. Bill plus the Army College Fund, to $50,000 from $40,000. And if that's not enough incentive, most of those who enlist by May next year will also be eligible for an immediate $3,000 signing bonus...
...laws and his time spent in jail. Other financial innovators who changed the way we spend and save might also have made the list, including Dee Hock, a little-known businessman who brought the Visa credit card to prominence, and Peter Lynch, who as head of Fidelity's Magellan Fund was America's most successful money manager...
During the 1907 Panic on Wall Street, an aging Morgan mobilized the city's bankers in his solemnly ornate library and got them to commit money to a rescue fund that ended the bank runs convulsing the city. It was the last hurrah for a self-regulated financial system: Morgan's dazzling improvisation proved the urgent need for a central bank, setting the stage for the passage of the Federal Reserve...