Word: pourings
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...value since the run- up began in August 1982. During the rally's first phase, investors put their money in stocks based on their intrinsic value, which was backed by corporate profits and dividends. But in the later stages, the betting has become almost purely speculative, as investors pour cash into the market in fear of missing the free ride. At this point, many stock prices have risen beyond any connection with the real performance of their underlying companies, many experts believe. "There are more extreme valuations now than there were in 1929," says Louis Holland, a partner in Hahn...
Foreign bargain hunters often pour enormous effort into their shopping. Michael Dornemann, a director of West Germany's Bertelsmann communications giant, flew to the U.S. more than 50 times over the past three years while deciding how his company should spend its $1 billion American shopping budget. Often taking the morning Concorde from Paris in order to put in a full day's work in the states, Dornemann visited more than 20 U.S. companies before choosing his recommended targets: Doubleday publishing and RCA records. The possibility of snagging both was considered so unlikely that he and his boss, Bertelsmann Head...
...mellifluous ballad has been crooned by everyone from Julio Iglesias to Bill Murray. But when French Composer Lou Lou Gaste heard Feelings for the first time in 1977, he could not believe his ears. Reason: the song was indistinguishable from one he had written 21 years earlier called Pour Toi. Once Gaste discovered that Feelings had made a fortune for its composer, Brazilian Morris Albert, he decided to sue for copyright infringement. Albert maintains that he had never heard Pour Toi before writing Feelings. A federal district court last week ruled for Gaste, awarding him 88% of all royalties earned...
...child- care crunch has become the most wrenching personal problem facing millions of American families. In 1986, 9 million preschoolers spent their days in the hands of someone other than their mother. Millions of older children participate in programs providing after-school supervision. As American women continue to pour into the work force, the trend will accelerate. "We are in the midst of an explosion," says Elinor Guggenheimer, president of the Manhattan-based Child Care Action Campaign. In ten years, she predicts, the number of children under six who will need daytime supervision will grow more than 50%. Says...
...demand for day care is exploding as women pour into the U. S. work force. But parents are finding that child care is scarce, expensive and often of alarmingly poor quality. Some states have taken action; most have not. Meanwhile, researchers are raising worrisome questions about the psychological well- being of the child- care generation. See LIVING...