Word: poole
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Dates: during 1970-1979
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...funds take initial investments of $5,000, $10,000 or even less, pool them and invest them in "short-term money market instruments"-large-denomination C.D.s, U.S. Treasury bills (which yield 7.6% but usually are available only in blocks of $10,000) and other high-yielding paper. Typically, they prefer maturities on these instruments of less than 45 days. The funds generally charge a fee of .75% to 1% of the investment, but no other commission or sales charge; interest earned is calculated daily and credited to each investor's individual account. An investor can cash in some...
...With a pool a few feet from his bedroom, a golf course just beyond his backyard, and consecutive Super Bowl victories in his scrapbook, Miami Dolphin Coach Don Shula could hardly be blamed for romping on his laurels. Training camp does not open for 3½ months; there should be little to do. Right? Wrong. Shula is in fact working ten hours or more a day searching out Dolphin weaknesses and building strengths...
...vacancies, he is convinced that the outcome, in the absence of "patronage," will be the recruitment of white males because they will turn out to be, in each instance, the "best man" among a flock of applicants. He fears that a choice of someone less plainly qualified, in a pool where there is active fishing for minority candidates, might subject him to litigation...
Finally, a group of colleagues who must work closely together must have a certain amount of mutual trust. At the senior faculty level, Harvard protects itself against the obvious dangers of cronyism by the ad hoc committee system; and Affirmative Action procedures often do widen the pool and diminish the potency of the old boy network. But there are costs in the policy of recruiting on an individualistic basis without regard to catalytic quality; and the moral and intellectual quality of a university must be seen as living in precarious tension among competing values. David Riesman...
...neglect of Third Wife Ali MacGraw (the others: Actresses Sharon Hugueny and Camilla Sparv) led to the collapse of their marriage. He still talks obsessively about Ali to anyone who will listen. Since her departure, he rattles noiselessly around the house among his housekeeper, chef, tennis court, swimming pool, screening room and 32 telephones. He sometimes shuts them off when his and Ali's son Joshua comes to stay. Evans' back is slightly better since he found a Chinese acupuncturist in Paris. He can use his tennis court again. His game is a triumph of concentration and wily...