Word: lynch
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...speech by Luce's wife: "The roar of applause was punctuated by waves of laughter as blonde ex-Congresswoman Clare Boothe Luce voiced the thesis of her speech; that Harry Truman is 'a gone goose.' The Democrats, she said, were divided into 'a Jim Crow wing led by lynch-loving Bourbons, a Moscow wing masterminded by Stalin's Mortimer Snerd, Henry Wallace, and a Pendergast wing run by the wampum and boodle boys who gave us Harry Truman in one of their more pixilated moments...
About 10 years ago, I was asked to draw up a list of predictions for the mutual-fund industry. O.K., so I was wrong about money-manager trading cards, and Peter Lynch didn't run for President. But I got this right: entire stock portfolios now change hands at the click of a mouse. I stand by my assertion that one day most mutual funds will do the same. They'll be priced throughout the day--not merely at the close--and traders will shoot in and out of them as they would an overhyped...
...there are now 60 ETFs with a market value of $46 billion--triple the assets in these funds just two years ago. Vanguard has promised an array of competing ETFs, to be called Vipers; and Merrill Lynch has entered the tradable-funds sweepstakes with HOLDRs (Holders). Again, you pay a sales commission, but the management fee is minimal, and waived altogether if not covered by dividends paid by companies in the portfolio. The basic HOLDR consists of 20 stocks targeting, say, the Internet, biotech or banking industry...
...businesses will host a bash tonight honoring committee members at the studio where the television show American Bandstand originated in the 1950s. Dick Clark returns as emcee, and entertainment includes Frankie Avalon, Chubby Checker and Bobby Rydell. Philip Morris, the Investment Company Institute, the Edison Electric Institute, Prudential, Merrill Lynch and more than a dozen other companies with issues pending before the Commerce Committee will pick...
...emergency-reserve capacity has slipped. With communities fighting new construction, very few major power plants have been built in the past 20 years. Yet by one Energy Department estimate, the country needs 1,000 new plants in the next two decades. As Steve Fleishman, an analyst at Merrill Lynch, notes, "The country underinvested in the energy sector in the last decade, and it's coming back to haunt...