Word: grounded
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Dates: during 1990-1999
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...deans' judgment may seem harsh and was perhaps not handled as smoothly as it could have been. But there is a reason why Sigma Chi has been excluded from the University's roster of official organizations, and the deans were wise to stand their ground. The members of Sigma Chi who volunteered their time and efforts to help first-years move in could have performed the same service without appearing as representatives of their organization. If Sigma Chi wishes to contribute to the college community, it should, in the future, keep its activities within the College's rules...
...trouble than they're worth. George Bellinger, a former business owner, is a substance-abuse consultant, but for nearly 25 years, until 1994, he headed his own company in Connecticut, Bar-Pat Manufacturing. The business was heavily involved in government contracts, making, among other things, helicopter parts and lightning-ground cables for NASA. In 1988, buoyed by government 8(a) support and solid relationships with the U.S. Navy and Air Force, the company was ranked among the top 100 black industrial and service companies by Black Enterprise. But the end of the cold war exposed Bar-Pat's overreliance...
...this time things were different. The Dow fell Wednesday. And the next day. And the next day, losing ground for the seventh trading day out of the previous eight and posting a 411-point, or 5%, setback for the week. Despite the release last week of fresh reports chronicling persistent low unemployment and rising orders for factory goods, anxiety spread from the stock market to the "real" economy of jobs and paychecks. The market drop served as a reminder--one about as subtle as a poke in the eye--that in today's global economy, not even a healthy...
...order. So far, it hasn't. Japan's leaders still show no stomach for revamping their financial system and slashing regulations that coddle business. No one has shown the interest or strength to break the money links between inefficient industries and the ruling party. Party politics and bureaucratic inertia ground down the reformist plans of the last Prime Minister, and he has been replaced by a cookie-cutter party man with what a Tokyo commentator called "all the pizazz of cold pizza...
...indicate the stock has been unfairly trashed and will do well in coming quarters. Among the highest-yielding Dow stocks are Philip Morris (4.1%), J.P. Morgan (4.4%) and General Motors (3.5%). Other stocks to own might include those of consumer-products companies, a group that lost far less ground than the market this summer. You could also look for value-oriented stock mutual funds, such as Oakmark Fund (which has some of my money) or Mutual Shares (which has been carrying 20% in cash and thus was positioned to scoop up bargains as the market fell...