Word: gaines
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Director of the Kennedy School’s Institute of Politics Dan R. Glickman said that the capital—whose population is about 60 percent black—will likely gain representation at some point in the future, but the former Secretary of Agriculture said that because this contest will have little practical impact on who will ultimately garner the nomination, it is of very little interest to the candidates, who instead focus their efforts where the results count...
...Association of America named Eckersley for induction into Cooperstown on January 6. Eckersley is only the third primarily relief pitcher to be elected to the Hall of Fame, following Rollie Fingers and Hoyt Wilhelm. In a week in which Pete Rose stole the headlines in order to try to gain his own election to Cooperstown, Eckersley’s sterling character provides a wonderful contrast...
...interest rates. As the economy continues to grow, the fear of inflation--or the thing itself--could also dampen stock prices. A few market watchers think the S&P 500, a popular gauge, could end 2004 flat or even down modestly, but most strategists predict that the index will gain in the upper single or lower double digits by year-end. --By Barbara Kiviat
Gold is trading at more than $400 an ounce for the first time in nearly eight years, and industrial commodities like nickel, rubber and cotton just had their fifth highest annual price gain as measured by the Journal of Commerce--Economic Cycle Research Institute index, which began in 1949. How can individual investors profit from the rush? Analysts don't recommend esoteric futures and options, which are subject to vagaries like war and weather. A more prudent option, analysts say, is buying stock in companies that supply copper and tin, or an exchange-traded fund like the Materials Select Sector...
...Duncan Meldrum, Air Products' chief economist, recalls a time when it responded to competitive pressure with across-the-board layoffs, a policy he thinks was a mistake. "It doesn't work," he says. "You may shore up your margins, but you lose an awful lot more than you gain." Now the company looks more carefully at its business during the down times, selling off parts that aren't working--such as gas delivered in cylinders for welding and metal fabrication--and retraining workers whenever possible so that they can move into growth industries. Truck drivers who used to just transport...