Word: lynching
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...that investors are feeling decidedly bullish about high-tech stocks, Merrill Lynch, characteristically, is thundering to the head of the stampede. Last week the firm announced it had collected $835 million from investors for shares in its new twin mutual funds called Sci/Tech. Sci/Tech Holdings, Inc., for U.S. and Canadian investors, raised $550 million, while Sci/Tech, S.A., for overseas investors, attracted $285 million. The offering turned out to be the largest mutual fund start-up ever, leagues ahead of the second largest, Manhattan Fund, launched in 1966 with $247 million. The Sci/Tech funds, which will have nearly identical portfolios, will...
...dancing, especially breaking, is an essentially male competition, but even in fashion the boys dominate. Gentlemen's Quarterly is treach. "Males have more plumage," says Monica Lynch, vice president of Tommy Boy records, a Manhattan rap label. "Guys are out there flashing their stuff, and the girls are usually wearing a watered-down version of what the guys have on. The girls don't want to look all that nasty." Maybe not, but with their penchant for leather pants or layers of Kamali-esque sweatshirtings, they have a sure knowledge of the impact of style. Says Lisa...
...Ways and Means Committee: "I can't think of an issue where the volume of mail was so great, or the misinformation so outrageous. It's crazy." Treasury Secretary Donald Regan, who is in the uncomfortable position of having opposed withholding when he was chairman of Merrill Lynch, was booed lustily last month for defending it at a Washington meeting of the Credit Union National Association...
...Lynch's sets and Nancy Thun's costumes, an array of right, simple pastel designs, match the mood of the musical perfectly. Director Alvin Epstein and choreographer Kathryn Posin have thankfully kept the production loose and lively. If the opening number is a little ragged, and if the second act tends to sag a bit from loss of momentum, at least The Boys From Syracuse avoids that joyless Teutonic precision that seems to infect a lot of large scale Broadway productions these days...
...bond market is in a decline, they could take a loss. With state and local governments expected to issue record volumes of bonds in 1983, Lebenthal plans to be busier than ever. Though his firm has just 32 sales people, a tiny force compared with giants like Merrill Lynch, he brags: "Pound for pound, we may sell more municipal bonds than any other firm in America...