Word: putnam
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Dates: during 1990-1999
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...impression that I was in a position to stop the heinous crime," Cash wrote in an angry e-mail sent to the San Francisco Chronicle and the Daily Californian. "I did not witness the alleged molestation and murder." Staying mostly out of sight in his dorm room in modernistic Putnam Hall, Cash gave no interviews. His lawyer, Mark Werksman, however, said Cash "regrets" his statements to the Los Angeles Times. Werksman warned that lashing out in frustration to expel Cash is no answer either. Then the lawyer sighed. "What can I say? I can't explain or justify what...
Wonder how your fund manager invests his money? Under a proposed Securities and Exchange Commission regulation, it may get easier to find out in prospectuses what he's allowed to do. Even that may not be enough to satisfy critics (like the former Putnam fund counsel who complained to the SEC last week) who say lax codes let managers profit at your expense via personal trades. Vanguard and Fidelity restrict managers' trading of stocks just before or after their fund makes a trade; Janus prohibits all trading in individual stocks...
Over the course of the month, Harvey C.Mansfield '53 becomes chair of the governmentdepartment, Henry Rosovsky becomes Dean of theFaculty and George Putnam '49 is chosen as the newUniversity treasurer...
...safest approach to biotech is via mutual funds. Vanguard Health, Fidelity Select Health and Putnam Health Sciences have the best three-year returns, according to Lipper Analytical Services. But if you're playing with the speculative part of your portfolio, which is appropriate here, individual stocks pack the big thrill. Naturally, there's no telling if biotech stocks will break out of their slump anytime soon. But if you want to be there when they do, start nibbling...
...your article on Africa that focused on Mali [WORLD, March 30], you quoted me as saying the government here "understands human capital." To be precise, I was referring to Mali's strong social capital: "something" that makes some societies function or heal themselves better than others. Harvard professor Robert Putnam first developed the idea in the late 1980s, when comparing northern and southern Italy. Social capital is rather like the dark (missing) matter of the universe: we know it's there because we can see its consequences, but it is terribly hard to get hold of and examine under...