Word: micros
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Dates: during 1990-1999
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...policy guidance it needs to get turned around. That leadership takes a variety of forms. The Bank of Japan, for instance, has been telegraphing with very un-Greenspan-like candor that it intends to keep short-term interest rates near zero. At the same time, an encouraging amount of "micro-reform" is under way in Japan--tiny revolutions in entrepreneurial companies that may forge a Japan built for the Internet age. As some Japanese like to observe, they spent 40 years building the world's best industrial economy. What you're seeing, they insist, is the agony of a nation...
...MIGHTY MICROS Mutual funds that generally invest in companies valued at less than $500 million have not exactly been star performers these past few years, buried by raging big caps. But it may be time to get small. The average micro-cap fund surged 19.8% in the first six months of 1999, up from last year's measly gain of 1.4%. That's almost double the return of the average diversified stock fund. Micro-caps are even beating out the Standard & Poor's 500 index. Micro- caps' relatively low price-to-earnings ratios have made them increasingly attractive. And they...
...thick, homemade ice cream is delectable, although a little pricey. A micro-sundae goes for $1.90 plus...
...thick, homemade ice cream is delectable, although a little pricey. A micro-sundae goes for $1.90 plus...
...MISSION] Help scientists learn more about flight control. The information may improve the aerodynamic capabilities of micro-air vehicles (planes with a 6-in. wingspan...