Word: homegrown
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Dates: during 1990-1999
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Several states, in their homegrown securities offices, have been teaching consumers how to decipher what mutual funds are saying. These education projects are funded with fines and settlements paid by Wall Street firms that on occasion landed on the wrong side of the law: Prudential, Salomon Brothers and the old Drexel Burnham Lambert. Getting hoodwinkers to bankroll a program to train investors to avoid being hoodwinked has a nice symmetry to it. Levitt, meanwhile, is taking consumer education to the national level. The sec has recently published a useful pamphlet, Invest Wisely, that demystifies the mutual fund, but Levitt...
...firm in Moscow and can't imagine going back to a less hectic legal career in the U.S.: "Here the work is like being a doctor in an emergency room -- everything is critical." When he does ponder life after Moscow, Firestone looks for the exotic rather than the homegrown: "Jakarta, maybe. I hear that's a pretty interesting place...
Increasingly, the theme is homegrown, back-to-basics TV. Spurred by the need to look different and to do it cheaply, new channels proudly let the seams show -- a throwback to the earliest days of TV -- and stress spontaneity and viewer participation -- an attempt to achieve the intimacy of talk radio. Anne Sweeney, chairman of fX, says her channel's goal is to create "a national network based on a local feel." America's Talking will use interactive | technology to get viewers involved. "This is a place where Americans can come, pull up a chair, pour a cup of coffee...
...OPEN THE CHAMPAGNE and toast Lisbon's Teatro Politeama. The once shabby 795-seat theater has been delightfully done over, and is now the ornate showplace for Portugal's first homegrown musical. To the Portuguese, who daily see new headlines about political corruption, Damned Cocaine (Maldita Cocaina) is less madcap romp than pointed satire. The Roaring Twenties return, with characters modeled on colorful real-life denizens of that era, and the setting is Maxim's, then a well-known Lisbon night spot. Through its doors parade a fascist army general with an eye for beautiful women, a count...
...China's Chen Lu, won the bronze; considering that she is 17 and from a country where the international rules were unknown as recently as 1980, she showed authority and what her coach calls bing gan, a feeling for skating. Maybe the skating establishment should see whether China's homegrown code also has bing gan; it cannot be more Mandarin than the lofty formulas that are prevalent now in skating, and it might conceivably create fewer messes...