Word: indexable
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...past seven years, Sanders has pocketed some $29 million in option profits during the same period. United States Surgical Corp. chairman Leon Hirsch has been awarded 2.8 million shares (current market value: $186 million) since 1991, even though his company's stock has underperformed the Standard & Poor's 500 index by 3 percentage points. The award is an extreme example of so-called mega-options, grants consisting of at least 250,000 shares. The number of mega-options issued by corporations has increased 300% since...
...Then we put the songs that we had written on a little bulletin board on index cards. I organized them with blank ones in between and said, now we can write a song here about this, or a song here about that. He created the world, and I brought it order...
Some stock traders might even be tempted to use the still taboo word boom. The Dow Jones industrial average last week shot up 4%, to a record Friday close of 3442. The 132-point rise in this blue-chip stock index for last week alone equaled its increase for all of 1992. Even more striking, bond prices rose enough to send the interest rate on long-term Treasury bonds down to 7.17%, the lowest since 1986 (the higher a bond's price, the lower its interest yield). Apparently bond traders, who usually do not trust Democrats, think that Clinton really...
CAPTION: U.S. INDEX OF LEADING ECONOMIC INDICATORS
That is particularly alarming because no matter what policies the new Administration pursues, the fate of the recovery will ultimately rest on the willingness of companies to start hiring again. So far, the outlook seems stubbornly dim. A recent American Management Association index of the hiring plans of 785 companies stands at a dismal 9.6 on a scale of 100. A growing economy would normally produce an index at least in the 30s. "This recovery will be limited to fewer jobs and lower incomes than at any other time in the postwar period," says Lawrence Mishel, research director...