Word: lynch
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...evening of May 31, 1921, a mob gathered at the Tulsa, Oklahoma Courthouse, threatening to lynch a young black man who worked shining shoes. He was accused of attacking a white woman who worked as an elevator operator. Rumors began to circulate in the city that a lynching was imminent. The proud black community, which was reading “radical” literature like The Crisis and talking about upholding the law against lynchers, decided to take a stand...
...those rejecting the rat race to spend more time with their families, perhaps the most famous is Peter Lynch. While the 47-year-old investment superstar was busy building the Fidelity Magellan mutual fund into a $13 billion behemoth, his youngest daughter got to be seven years old, and he felt he hardly knew her. Last spring he stunned Wall Street when he decided to give up his 14-hour workdays. With a nest egg estimated at $50 million, Lynch could well afford to quit. But many ordinary people evidently felt a connection with what he did, for he received...
There are a few wild cards in the PDA market as well. Research in Motion has sold more than 700,000 of its BlackBerry wireless e-mail devices directly to corporations such as Goldman Sachs, Merrill Lynch and NBC. Jack Welch, Michael Dell and Al Gore are fans. This summer Sony's Palm-based Clie will get a snappy new upgrade, complete with a sharp color display and support for a new, secure digital music format. By leveraging resources from its music, gaming and audio-video divisions, Sony may be able to create the ultimate portable gadget...
...post-bubble witch hunt, two Internet analysts are getting most of the blame--Henry Blodget at Merrill Lynch and Mary Meeker at Morgan Stanley Dean Witter. They're natural targets. Both work at influential brokerage firms. Both reportedly made $15 million, give or take, as Internet stocks soared in 1999. And both now concede the obvious: they were too slow to downgrade dozens of stocks. Their bullishness in the face of impending disaster has riveted attention on the analyst's role across Wall Street. It's not a pretty picture...
Stats like that give bullish analysts plenty to talk about. "The economy will be picking up significantly by the fourth quarter," says Bruce Steinberg, chief economist at Merrill Lynch. "Corporate earnings should be picking up at the same time, and the stock market, because it looks to the future, is going to be going up well in advance of that. I really think sometime in the spring the market will turn around...