Word: gray
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...issue are two practices: late trading, which is plainly illegal, and market timing, a legal gray area that clearly harms shareholders. In late trading, a client buys or sells a fund late at night at the 4 p.m. price to take advantage of news that has broken in between. In market timing, a client trades a fund frequently, which many fund firms say they do not allow. Doing so drives up costs and hurts performance by forcing managers to hold more cash than they would like or to sell stocks they would rather hold. These costs are borne...
...overinflated ego, may be the state's next Governor but that the recall election is happening at all [NATION, Aug. 18]. Both political parties have abdicated their responsibility to come up with tough solutions to the state's budget deficit, opting instead for the political cop-out of recalling Gray Davis. A recall is supposed to be an emergency measure to allow voters to remove corrupt officials. In California it is being subverted to remove an unpopular Governor. I fear this precedent may cause recalls in other states and have a paralyzing effect on the ability of elected officials...
...overinflated ego, may be the state's next Governor but that the recall election is happening at all [Aug. 18-25]. Both political parties have abdicated their responsibility to come up with tough solutions to the state's budget deficit, opting instead for the political copout of recalling Gray Davis. A recall is supposed to be an emergency measure to allow voters to remove corrupt officials. In California it is being subverted to remove an unpopular Governor. I fear this precedent may cause recalls in other states and have a paralyzing effect on the ability of elected officials to govern...
...This has been an awakening for me. I know people are upset, and it's not fun hearing it day in and day out." GRAY DAVIS, California Governor, on the recall election he faces...
...national history. It is not, of course, my place to compare the relative legacies of these two great institutions, but I was struck during my visits to West Point by an image impressed on the minds of its cadets. At West Point, they call their graduates the long gray line, the queue of soldiers who have put their bodies in front of bullets for the ideals and well-being of their country. When each cadet graduates, he earns his commission as an officer in the U.S. Army and takes his rightful place among the honored group of men who have...