Word: nosing
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...idea behind portfolio insurance is deceptively simple. During a rising market, a fund manager pays a premium to an insurer in return for a promise that the value of his portfolio will not fall more than a specified percentage if the market takes a nose dive. Investors have long searched for such a perfect hedge, and with the advent of new investment tools in the early 1980s, & it looked as if they had finally found one. Says Hayne Leland, the Berkeley finance professor who came up with the scheme: "We felt we had a reliable instrument...
...extravaganzas--plenty to keep one occupied for two weeks. And Grandma does have cable. And there are enough hot young high school-age granddaughters crisping themselves to perfection under the sultry Florida sun to keep you going back to the pool even though your feel the bridge of your nose has been exposed to lethal doses of radiation. Looks like I'll be going back to Florida next Christmas...
...Lloyd Webber, who leaves as little to chance as possible. His whole life and career can be seen in terms of his desire to master a situation, then go beyond it. On the most basic level, there is his insistence on dominating everything related to his music. With a nose for business as keen as his faculty for churning out hits, Lloyd Webber keeps the reins of power tightly in his hand. No matter where he is, he is often on the phone to the staff at his London-based production company, the Really Useful Group...
...dollar continued to slip even though foreign governments spent almost + $100 billion during 1987 to prop up the currency. By late December the dollar went into a nose dive. Unbeknown to most traders, though, the central bankers were quietly baiting a so-called bear trap, in which they aimed to punish speculators who had been reaping profits by consistently betting on the dollar's downfall. They secretly agreed to launch a dollar-buying binge when the currency hit a floor price, possibly at 120 yen. At first only the Bank of Japan came to the rescue. Then all at once...
FARTHEST INTO THE OZONE Michael Jackson, who, after plastic surgery on his nose and chin, unsuccessfully offered $1 million for the remains of John Merrick, the Elephant Man. Knock, knock -- Is anyone there...