Word: gap
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...wouldn't say she's got the Big Mo, but there's clearly a change in investors' willingness to view the merits of the deal," says Joel Wagon-feld, research analyst at Banc of America Securities, which had previously been skeptical of the merger. Indeed, the gap between what HP wants to pay for Compaq shares and how the market values them--a key measure of merger confidence, called the arbitrage spread--has narrowed from a toxic $4.35 in November to $1.70. In another tacit sign of support, the company's top five shareholders have been quietly adding to their...
More personally damaging for Chirac - who fought his 1995 campaign on narrowing the gap between rich and poor - was the investigation launched in 2000 into the $412,000 of public money he spent between 1992 and 1995 on personal trips for himself and his entourage. One weekend in New York for Chirac and daughter Claude - including Concorde flights and limo service - cost French taxpayers $16,000, paid in cash...
...seriousness of the charges, the mood was humorous. When it was time for Dershowitz to submit his brief, he held up a pair of white boxers from the Gap...
...GENDER GAP Researchers at UNC Chapel Hill who set out to discover why boys do better in math than girls were surprised to find that the gender gap doesn't add up. Previous studies had concentrated on small groups of gifted teenagers, but the UNC study looked at a broader sample of students. Among the findings were that girls had higher average scores than boys until about age 11 and higher reasoning scores from 11 to 13. While boys do show a faster acceleration in math skills as they get older, the largest difference between boys and girls was late...
...future should think again. Europe is closer than the U.S. to many of the world's flashpoints and cannot afford to drop its military guard. Europe's cash-strapped governments will never be able to match U.S. spending, but they can close the capability and credibility gap without mirror-imaging U.S. forces. These in any case waste billions on costly "legacy programs" designed for the cold war at the expense of transformational new weapon systems needed for future, more complicated conflicts. Smarter procurement would enable Europe to get more bang for the defense buck. The U.S. can afford to spend...