Word: principall
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The Copland Clarinet Concerto turned out to be a vehicle for the virtuosity of BSO principal William Hudgins, who danced with ease through the highly syncopated score that gave even Benny Goodman a hard time at its premiere. The first movement of this piece contained the night's best music...
"Because these results are so strong and consistent with previous evidence about the productive benefits of a high fiber diet, we suggest that grains be consumed in a minimally refined form to reduce the risk of diabetes," said Dr. JoAnn E. Mason '75, an associate professor of medicine at Harvard...
TIPS promise a twofold benefit: first, to safeguard investors' principal against the ravages of rising prices; second, to cut the cost of financing America's $4 trillion national debt. Wall Street too is happy: bond dealers get a new plaything in the bargain. Gushes Deputy Treasury Secretary Larry Summers: "This...
Conservative investors favor Treasury securities for safety--they are backed by the full faith and credit of the U.S. government--but during inflationary periods their value automatically erodes. Not TIPS: the note's principal is adjusted daily to keep up with increases in the Consumer Price Index, and payments are...
Yet TIPS may not be the ticket for everyone. Not only is the interest income taxable, but so are the biannual adjustments to principal. That's why, at least initially, the bonds may work best for tax-deferred accounts like IRAS and 401(k)s that can be set up...