Word: precious
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...glut of new Internet shares saturating the market, creating a supply overhang that could last through the summer. This is an entirely new situation for Net investors. In the past few years they have had little choice but to bid against rabid techies for the same handful of precious stocks, driving prices through the roof. Wall Street reacted as expected: by underwriting stock deals for every dot com in sight. A flood of new shares hit the market this year, and now the scarcity premium on Net stocks is gone...
...Goals were almost as precious for Harvard opponents as for the Crimson because whenever an attacker navigated through the senior fullbacks, it still had to beat senior goaltender Jordan Dupuis...
...foolhardy in letting him go? Yes, on both counts, according to the scathing 909-page Cox report, Congress's account of how the Chinese stole and bought America's most precious nuclear secrets and how the U.S. made it easy for them to do it. Used to be, spies were guys in their intelligence service and ours who lied and duped one another into handing over a nation's secrets with help from the occasional renegade citizen. We each knew the other was an enemy, and we kept our countries and our people at arm's length. Even so, secrets...
...concluded the person who proffered the document was actually an agent for the Chinese government. That immediately raised suspicion among White House and CIA officials that Beijing, for some unfathomable reason, may have been conducting a disinformation campaign to make Washington believe it had the U.S.'s most precious military secrets. The document, what's more, is cited as a major piece of evidence that China filched designs for four other warheads "sometime prior" to 1995. To this day, neither the intelligence community nor arms-control experts know whether China got its hands on any detailed specifications or blueprints...
...hardest exams, for once, are the take-home tests. And this time, it's a test of our will and reflexes. We've had a chance to look at the precious microculture of our own household and study its condition. But how many of us actually did anything differently? Spent more time with our children, or someone else's? Came home a little earlier? Skipped a meeting? Turned off the TV? Called other parents, called a teacher, volunteered to help with some after-school activity--Girl Scouts, theater, baseball--that will happen only if enough grownups show...