Word: prudently
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...Prudent or not, the huge amounts being ponied up by TV are changing the economics of pro sports. Major-league baseball's billion-dollar TV pact is an unspoken issue looming behind the current baseball lockout. "The television revenue isn't being produced by the owners," says Donald Fehr, head of the players' union. "It's being produced by the players. The lion's share of the television money ought to go to the players." With the N.F.L.'s just completed TV deal, clubs will be making money even before they sell a single admission ticket. "The rights fees fueled...
...This whole thing was an aberration," said Michael R. Kelsen '90, a former council treasurer. "[Dropping the affair] was the politically prudent thing...
Mutual funds own 30% of all junk bonds. Funds that promise "high income" or "high yield" are generally the ones that invest heavily in junk. Most prudent fund managers have been switching during the past year to more creditworthy issues, including Kroger and Fort Howard Paper. Yet the depressed market value of most junk securities means that fund investors who sell out now "will take some pretty substantial losses," according to Brian Ternoey, an employee-benefits consultant in Princeton, N.J., who advises clients to wait for the market to rebound...
With the easing of tensions between the superpowers and the expansion of democracy, it is clearly time for prudent bilateral reductions in defense spending. President Bush's proposed troop reductions in Europe are one such example...
...under intense pressure to run for mayor from the same Washington power brokers who earlier shunned him as a carpetbagger. But Jackson was wary, suspecting that his political opponents were hoping to bury - him in a no-win job. Jackson's public statements have been typically coy and evasive -- prudent politicians "never say never," he declared -- but privately, for now, he is heeding the counsel of friends and his wife Jackie to stay out of it. Settling into the mayor's office would mean being tied down by the Lilliputian strings of Washington's troubled municipal bureaucracy. Speaking before...