Word: main
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Dates: during 1990-1999
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...cultural icons as Geraldine--the proud, sassy black woman who warned admirers that "What you see is what you get!"--Wilson was the first African-American entertainer to host a variety show. His goofy, outlandish style of humor was defiantly nonpolitical. "Funny is not a color," he said. "My main point is to be funny. If I can slip a message in there, fine...
...chain stores would one day dominate retailing, and he got rich by underwriting (and often controlling) such future powerhouses as S.S. Kresge (now K Mart) and Safeway Stores. He set up one of America's first wire houses--brokerage firms with branch offices in different cities connected to the main office by Teletype...
Merrill, you see, was the first person to openly advocate that the stock market should not just be a plaything for Wall Street insiders but should also be an avenue for the broad mass of Americans. Decades before founding Merrill Lynch, he coined the phrase "Bringing Wall Street to Main Street." For the last 17 years of his life, that's what he tried to achieve with his new firm, which became a laboratory for his grand experiment. Today when we conjure up the names of the great American financiers, we tend to think of people like J.P. Morgan...
There are many other people--mutual-fund pioneer Ned Johnson at Fidelity Investments and discount broker Charles Schwab, to name two--who over the course of the next 40 years helped push Wall Street and Main Street closer together. Yet for all their innovations, they remain at bottom Merrill's heirs. Their modern investing mantra is the same basic message he preached so many years ago-- that people should invest for the long haul; that they should have a clear understanding of the companies they are buying; that despite the hair-raising ups and downs, stocks have historically outperformed every...
...course of five years workers excavated 3.7 million cu. yds. of rock and poured 4.4 million cu. yds. of concrete; the main arch of the dam towers 70 stories high. Steve was first in charge of transportation, engineering and administration. When his father died suddenly in 1933, he became chief executive of the whole project, which transformed the economy of much of the West, as well as transforming the company...