Word: gainful
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Dates: during 2000-2009
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...William Castelli, director of the 36-year Framingham Heart Study on longevity, declares, "We can show you that for every pound you gain over the 1959 Metropolitan Life tables, your death rate increases 2% over the next 26 years." Until the doctors can resolve their conflicting interpretations, many Americans will find it prudent to hold back on that second helping of pasta . --By Ellie McGrath. Reported by Patricia Delaney/Washington and Barry Kalb/New York...
...other fees. Buyouts invariably increase the value of the stock that executives had before the deal. Afterward the managers generally hold far more of the private company than they did of the public one and can collect hefty dividends on their shares. All of the owners can also gain mightily if the company later decides to sell stock to the public again. It may do that to raise more cash than it can get as a heavily indebted private firm. If the corporation does go public, the offering price will reflect such factors as the value of the company...
...prices are falling, and the inflow of bank deposits is drying up. A decrease in new construction projects has hit financial institutions particularly hard. The Kuwait Asia Bank was started to help Asian construction companies gain a market in the gulf. But after old jobs were completed and few new ones started, Kuwait Asia's customers left...
...young software saboteur penetrated the system at Manhattan's Memorial Sloan-Kettering Cancer Center with another kind of subversive programming, called a "trap door." The program collected users' passwords as they logged on. No matter how often legitimate users changed their sign-on codes, the hacker was able to gain unauthorized access to the hospital's records by summoning the intervening trapdoor and reading off the newly accumulated list of passwords. The culprit was later apprehended. He pleaded guilty and faced a maximum penalty of six months in jail and a $500 fine...
Amid Wall Street's glee, though, some investors are sounding alarms. They point out that a large part of the stock-market gain has been caused by the boom in mergers and leveraged buyouts. The massive stock purchases involved in those deals push up prices in general, but the buying is financed by huge loans that could shake the banking system if they go sour. Says Robert Salomon, director of stock research at the Salomon Bros, investment firm: "All this takeover activity is fine and dandy, but let's not forget that we are swapping equity for massive amounts...