Word: lessers
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Dates: during 1990-1999
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...flying as they are now, even discerning managers blindly plow money into the big stocks that make up major indexes. They want to hold little cash so it doesn't drag down performance. But the cash comes into their funds so fast that they can't find enough lesser-known stocks to spend it on. So they park ever more money in big stocks, which are easy to buy and sell, while searching for true bargains...
That behavior tends to drive up the indexes and leaves fund managers reluctant to sell their big stocks, which are rising. The end result is that large stocks take off, and the lesser-known stocks in most funds--the ones being counted on to provide the most kick and produce superior results-- instead hold the funds down...
...also worried that any partial privatization of Social Security might give the average Jill the heretical idea that those fica deductions from her paycheck belong to her and that she should control how all that money gets invested. This would, they said, undermine support for Social Security's lesser-known role as a safety net for the working poor and disabled. Senator Daniel Patrick Moynihan, the New York Democrat, predicted that the safety-net part of the program would suffer the fate of welfare. "Support for the redistributive aspects of Social Security would quickly erode," he said...
...Ehrenreich considered that the children are working not because they are forced to but for some other reason? In developing countries today, child income is necessary for a family's survival, as it was in the U.S. in the past. For my part, I find child labor a lesser evil than child starvation. ROBERT S. CARR Grosse Pointe Park, Michigan...
Sometimes I think of myself as a kind of lesser Michael Kinsley. For years he was the fiery voice of TV liberalism on Crossfire; during the same period I battled bravely against my quick-witted and Republican mother-in-law. While Kinsley and I both contribute to this magazine, he tends to get a full page or more, while I get a modest two columns. And when he left old media to go to Microsoft, where he founded Slate, an online magazine www.slate.com that transmitted its first bits seven months ago, pundits everywhere interpreted the event as a sign that...