Word: mutuals
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Friendship among nations based on mutual recognition and respect has always been the essence of the Olympic spirit. And it was that spirit that animated the broad smile on the face of Israeli fencing coach Alex Spitzer in Munich in the summer of 1972, as he sauntered back to his wife, Ankie, after chatting with members of the team representing Lebanon, a nation with whom Alex's was legally...
...national hero, Karelin enjoys advantages unknown to other athletes. "There's not another wrestler in the world who travels with a helicopter and a massager and two or three doctors and coaches," declares Ghaffari, who says he and Karelin regard each other with mutual respect. Small wonder that when Russian President Vladimir Putin's Unity Party needed a boost last year, it picked Karelin to run for a legislative seat. Today the wrestler denies rumors that he wants to be President. "It's a totally different level of responsibility," he says, "and I am not ready for it." Just running...
...Then, Castro looked at his watch (it was 2 a.m.) and wistfully wished everyone "a good evening; no, I mean good morning." He also pledged to return to give "updates" on issues of mutual interest. That brought a stampede to the exits -well, sort of. The problem was, everyone was too tired to run and simply slid silently away slowly into the void of the early morning darkness...
RISKY BUSINESS The clubby world of venture capital has gone retail. Recently a closed-end mutual fund--the meVC Draper Fisher Jurveston fund--began trading on the N.Y.S.E., allowing investors to bet on the kinds of long shots VCs do. The focus of meVC is on private and pre-IPO companies. But VCs get big cuts, and with annual fees of 2.5% and 20% on realized gains, you'd better pray one of the 12 tech companies it's invested in becomes the next Cisco...
Confused? So was the Securities and Exchange Commission, which last Thursday set forth a rule designed to take the premium out of analysts' direct access to management. From now on, the SEC decreed, companies may not disclose material information to Wall Street--that means the analysts at mutual funds, institutions, and brokerages--without releasing the same information at the same time to the public via a press release, webcast or other means...