Word: liquid
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Dates: during 1990-1999
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According to Harvard's outside counsel Richard W. Renehan, Merrill Lynch advised Harvard that the Lomas stock was "as liquid as commercial paper" and of "investment grade." Harvard listened, and sunk $45 million into the company's "preferred" stock...
Worst and Best Brews. Lites were everywhere, but one unfortunate trend started with California's surfers, who for some reason favored a pale yellow liquid in a clear, long-neck bottle. Thin and acrid, Mexico's Corona Extra soared to second place among U.S. imports (after old favorite Heineken). What could connoisseurs do? Well, many of them reached for a real beer produced by one of America's feisty young microbreweries, from California's tangy Sierra Nevada to the malty Samuel Adams Boston Lager...