Word: lowered
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Dates: during 1990-1999
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Both were raised in lower-middle-class circumstances by strong mothers who foresaw great things for their sons. Jordan was born in Atlanta in 1935; his father was a postal worker, his mother a caterer to upper-class whites. Tending bar at their parties, Jordan saw the kind of life he wanted to lead, a kind of life then denied to blacks. His aspirations led him into the civil rights movement. After earning a bachelor's degree at DePauw University and a law degree from Howard, he came to prominence in 1961 when a howling white mob tried to prevent...
...baseless, although the comic seediness of it, in contrast to the high tragedy of 1963, can be seen as a telling comment on the new medium. After all, the Internet beat TV and print to this story, and ultimately forced it on them, for one simple reason: lower standards...
There is a case to be made, however, for lower standards. In this case, the lower standards were vindicated. Almost no one now denies there is a legitimate story here. Taped conversations and suspected subornation of perjury moved the story safely beyond furtive rumors of sexual dalliance. For Drudge, though, furtive rumors of dalliance are enough...
...dumping the dividend. One is that many investors reinvest dividends anyway and incur transaction costs to do so. But the main argument is that dividends are taxed as ordinary income, a marginal rate of up to 39.6%, while long-term stock gains are taxed as capital gains, a much lower rate of 20%. So it makes sense for companies to use their cash to buy back stock. Yes, a bear market could devour this strategy. But as long as the tax code clearly favors capital gains, dividends will dwindle--and nothing would make that plainer than a healthy blue chip...
...fraction of the size of the grand retail showplaces that line Madison Avenue one block to the east (Ralph Lauren, Giorgio Armani), Beene's store, which he visits daily, isn't meant to stand as a monument to its creator. At 70, Beene, unlike his peers, offers no secondary, lower-priced line (his clothes range from $1,500 to more than $10,000), no logoed handbags or housewares. Visit Beene's shop, and you realize there is no small piece of his world to take home...