Word: modestic
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...comedian Drew Carey. In public his staff addresses him as Mr. Speaker, but in private he prefers that they simply call him Denny. He shuns the Beltway talk-show-and-cocktail circuit and, at the end of the week, usually catches the first plane he can back to his modest Yorkville, Ill., home across from a cornfield on Route 34. When he became Speaker, his security detail told him he'd have to lock his doors at night...
...stake. Wine sales should top $17 billion retail this year, and imports--whose market share dropped from 23% in 1997 to 19.5% in 1999--are rising again. The central coast is a second front against this growing invasion, in part because land prices, although rising quickly, are still a modest $8,000 to $12,000 per raw acre, compared with Napa where what little land is left sells for anywhere from $100,000 to $200,000 an acre. Lower costs will take some pressure off profits, as abundant supplies put downward pressure on the prices, particularly from Napa wines...
Such concerns have begun to focus more attention on an obscure insurance product called an immediate fixed annuity. And the attention is more flattering than in the past. Scorned for their modest returns while the bull market roared, these annuities are suddenly gaining some respect for the security they offer. The deal: for a lump-sum premium, you get a guaranteed monthly income that starts immediately and continues for as long as you live--just like a pension. "This is an extremely important function that is not obtainable under any other strategy," says Mark Warshawsky, director of research for TIAA...
...will merely have financed someone else's retirement--a fact that can scare off customers. "People tend to worry about being losers," says Craig Copeland, a senior researcher at the Employee Benefit Research Institute. "And they don't want to run that risk." Inflation is another hazard: a modest 3% rate can cut the purchasing power of fixed-annuity payments 45% in 20 years...
...Textbooks --Modest meals --Pens and notepads --Coffee mugs --Drug samples