Word: lockstepping
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...Republicans in upstate New York, where Giuliani was almost as much of a carpetbagger from Manhattan as Clinton is from Washington. Lazio backed Newt Gingrich, but also has a moderate record on family leave and abortion rights, which will blunt some of Clinton's attacks on him as a lockstep GOP party man. Pooley says the race may well depend on which vote is bigger: pro-Hillary or anti-Hillary. "There may be a ceiling to Clinton's numbers, which didn't get past 45 percent or so even when Giuliani was at the height of his troubles," he says...
Couple this with the increasing tendency of investors to act in lockstep, and you have a prescription for future episodes in which liquidity dries up. Individuals who plan to hold their shares for years needn't worry, but those who believe they can jump out at the first sign of trouble would do well to ponder last Tuesday's brief but terrifying free fall. They might also rethink the wisdom of buying stocks on margin in today's take-no- prisoners market...
...RISE AND FALL OF THE AMERICAN TEENAGER (Bard) Americans tend to view the teenage years, from puberty to the prom, as a singular life passage. But author Thomas Hine reminds us that for most of our history, those between 13 and 19 did not move in lockstep through their education--or even attend school--and that the word teenager dates back only to 1941. "What was new about the idea of the teenager at the time the word first appeared during World War II," writes Hine, "was the assumption that all young people--regardless of their class, location or ethnicity...
...explains. O.K., he's not exactly a softy. But McColl's ability to acquire and absorb one large bank after another can teach us a thing or two about teamwork: "We are people who believe in disagreeing sharply...But when we leave the room...we are in lockstep... Support the team...
...Army, under pressure to make its fraternization policy march in lockstep with those of its sister services, last week gave its uniformed lovers a year to break up or get married. The Army has been the only service that allowed relationships between officers and enlisted people, so long as the pair were not in the same chain of command...