Word: gaga
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...measure, the NASDAQ accounts for every penny made in the stock market the past 12 months. In that span, the market value of all U.S. stocks increased $2.5 trillion, but NASDAQ stocks alone rose $3.1 trillion. That means non-NASDAQ stocks fell $600 billion. Foreigners are equally gaga. Last year they were net sellers of Treasury bonds for the first time, and they bought a record $107 billion of U.S. stocks. Care to guess which ones...
...impressive riff, but is it a tune for today? Brown is coming out with an old-fashioned general-interest magazine, like Look or LIFE, at a time when publishing is gaga for websites and niches. Yet if anyone could dust off the genre, it's probably Brown, one of America's most successful magazine editors--if you're measuring in buzz rather than bucks. She's the one who put the glitz into Vanity Fair and the news into the New Yorker. When an editor who's won an astonishing 14 National Magazine Awards decides to cook from scratch, expectations...
...know. But I am still worried about the terrible, institutionalized temptation that will be installed if Kevorkianism becomes legal. I knew a man who was broke and trying to send his children through college, but was heir to his uncle's modest fortune. The uncle, amiably gaga and perversely vigorous, lived on and on, through his 80s, into his 90s. His round-the-clock medical care ate through the money. My friend gnashed his teeth and lived on baked beans. How he longed to put in a call to Dr. Jack...
...Northwestern University, where he met his wife, Lydia Clarke, an actress and photographer. They have been married for 54 years and remain close to their two grown children. As for his six-year-old grandson Jack, who lives close by, Heston's macho stance melts, and he turns positively gaga. "To me, he's king of the world," says the actor, surveying a once elegant patio, now taken up by a sandbox, a miniature basketball court and well-worn tricycles. The actor published a book last year, To Be a Man: Letters to My Grandson. But even in that sentimental...
News of the deal rang bells from Wall Street to Main Street to Pennsylvania Avenue. Investors drove up the price of cable- company stocks on the hope that more buyouts would follow. But Wall Street was less than gaga about AT&T, whose stock closed Friday at $56.75, down a whopping $8.625--or 13.1%--since Armstrong unveiled the deal. "Wall Street is missing the point," says Stuart Conrad, the head of telecommunications research for Deutsche Bank Securities. "This is one of the best things that AT&T could have done...