Word: peakedness
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For America's 12 million shareholders in stock mutual funds, these are indeed uncomfortable times. Since the market peaked in August, the assets of equity-based mutual funds have fallen 21.1%, from $234.3 billion to $185 billion. That was a slightly worse showing than the market as a whole, as...
The U.S.S.R. is home to more than 1.5 million Jews, the largest Jewish population outside of the U.S. and Israel. The State Department estimates that 400,000 of them may want to leave the country, although only 30,000 have formally requested visa applications. Jewish emigration from the Soviet Union...
Stock-market investors were the first to feel the pain. Records fell to the stock-market floor last week like so much scrap paper. On Friday the Dow Jones industrial average plummeted more than 100 points for the first time in history, dropping 108.36. In just one day, the value...
Atmospheric scientists have long known that there are broad historical cycles of global warming and cooling; most experts believe that the earth's surface gradually began warming after the last ice age peaked 18,000 years ago. But only recently has it dawned on scientists that these climatic cycles can...
Still, the existence of an ozone hole did not necessarily mean CFCs were to blame, and a number of alternative explanations were proposed. Among them, says Dan Albritton, director of the Federal Government's Aeronomy Laboratory in Boulder, was the notion that the "hole did not signify an ozone loss...