Word: profiteering
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Dates: during 1990-1999
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...their average age, estimated by ALFA, is 83, so they can also be frail. Almost half have Alzheimer's or some degree of cognitive impairment. (Alzheimer's patients tend to have their own, more closely supervised areas.) John Knox Village, in Pompano Beach, Fla., is a not-for-profit continuing-care operation on a landscaped campus with meandering walks and duck ponds. In an arrangement typical of such places, the elderly buy a residence--studio apartments are $48,500; two-bedroom "villas" are $142,500--and a continuing-care contract that sets a monthly maintenance fee covering all services. While...
When buying on margin, an investor who wants, say, $5,000 of AOL shares need put up only 50% of his own money. The rest ($2,500) is borrowed from a broker. It's a tantalizing deal. If AOL's stock moves up, you make twice as much profit as if you had paid all cash. If the stock dives, though, that leverage works in reverse. But few investors seem to focus on the downside...
...their job may soon be easier if Congress passes a bill proposed by U.S. Representative Elton Gallegly, a California Republican known for his animal-rights legislation. The bill, which has 32 cosponsors, ranging from conservative Republicans to liberal Democrats, would prohibit any profit-making from the films and subject violators to prison terms of up to five years. "This is something so horrible and despicable that it has to end," Gallegly said of films such as "Vicious in Las Vegas" and "Mistress Di: Princess of Death." One web site, perhaps anticipating a crackdown, has already moved...
...curve, acting promptly to hold down inflation just like he said he would," says TIME senior economics reporter Bernard Baumohl. "But the markets had their rally Monday ?- and most of the time it?s ?buy on the rumor, sell on the news.?" But any bout of post-ratem profit-taking isn?t likely to last long -? after all, corporate earnings are coming soon (and looking promising). Even better, Greenspan won?t be poking his head up again until sometime around Groundhog...
Moved PermanentlyMoved PermanentlyFortune Investor DataBut that doesn?t necessarily mean that confidence will still be there at 2:15 p.m. (ET) Tuesday, when The Great Greenspan clears his throat. "There?s always that bit of uncertainty as the day draws near," Baumohl says. Come noon, along with the profit-taking from Monday to contend with, there?ll be plenty of investors who don?t feel quite as smart as they did the day before. No hike? Twice the hike? Rally? Sell-off? Stay out of it until Greenspan?s gospel (2:15 p.m.) is fully digested. For the record...