Word: mutually
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Dates: during 1990-1999
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...face. In one hand, he holds a clarinet; in the other, a bizarre, cube-shaped plastic sculpture that some fan placed at his feet in lieu of flowers. "That audience was amazing," he says. "They were so sweet. They were bathing us in affection." To prove the feeling is mutual, he heads back out into the spotlight. Some 2,000 Parisians are on their feet, clapping, screaming, chanting, "Wooo-DEE! Wooo-DEE!" Incredible as it seems, Allen--who treats New York City audiences like wallpaper at his weekly gig at Michael's Pub--responds by blowing kisses. Then he calls...
...reason is that a big chunk of the money flowing into mutual funds--more than half of it in the case of Fidelity Investments, the nation's biggest fund group--comes from retirement plans like 401(k) savings funds set up by corporations to pool their workers' contributions. "With 401(k)s, regardless of what the market does, people are plowing in their money week after week, fortnight after fortnight, month after month," notes Robert Brusca, chief economist of Nikko Securities, a Wall Street firm. Once a worker designates a certain portion of his pay to be set aside...
Buyers of mutual funds alone put $129 billion into the stock market last year, about $10 billion more than 1994's gargantuan inflow. By no coincidence, the Dow average jumped 33% during the year, surpassing both the 4000 and the 5000 levels; never before had two 1000 marks fallen in the same year. This January alone, mutual funds took in $33.3 billion in net new cash and invested $28.9 billion of it in stocks, 76% more than in December and 57% more than in January 1994, which had set the previous record. Result: the Dow climbed 10% from the start...
...that new gift rule includes a locomotive-size exemption for lobbyists who happen to be "personal friends" of House members. And if the bonds of mutual benefit between Shuster and Eppard say anything, it is about what constitutes friendship in Washington...
Asked when he thought a computer would beat the best human, Kasparov had said 2010 or maybe never. A mutual friend tells me Garry would have gladly offered 1-10, perhaps even 1-100 odds on himself. That was all before Game 1. After Game 1, Kasparov was not offering any odds at all. "He was devastated," said his computer coach, Frederick Friedel. "It was a shattering experience. We didn't know what the game meant. There was the theoretical possibility that the computer would be invincible, and that he would lose all six games...