Word: runs
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Dates: during 1990-1999
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Giuliani, who is likely to run for Senate against Hillary Rodham Clinton, saw an opportunity. "He knows many people are uncomfortable with taxpayers subsidizing upper-middle-class decadence," says Fred Siegel, professor of U.S. history at New York City's Cooper Union. To subject this move by Giuliani to crass political analysis is to see brilliance; he won't win the artsy crowd anyway. Upstate voters, as well as the Roman Catholics across the state who often form a bloc of swing voters, will see him as protecting basic values. And Clinton must defend the art or keep quiet. Wisely...
...come to visit the Pope of Marxism-Leninism up a long and rickety elevator. It is in the process of being refurbished, but instead of being shut down, the elevator continues to run, half alive. The claw-hammer handle that the elevator operators once used has been replaced by gleaming new push buttons, but typically for China, the elevator operator has not been replaced. She still sits there, complete with a little one-foot-square desk and a bottle of green tea, carrying the nation's top Marxists up and down for eight hours a day. The pope...
...claim business has abated since the former MVP is no longer on the court and only rarely at a table. New figurehead Sosa has agreed to dine regularly on the premises, which when they are officially rechristened next year, will feature Caribbean cuisine and a statue of the home-run hitter where once a Jordan mural reigned. The restaurant's owners are not cutting Jordan from the team completely. They plan to open a smaller venue with his name. Unless perhaps someone on the Bears does really well this year...
Merrill announced in June that it would put up its dukes, but the move has caused some of the company's brokers and stockholders to run for cover. Merrill intends to offer two kinds of online trading accounts. One, already launched, plays to its traditional strength as a full-service brokerage, promising advice and unlimited transactions for a fee of $1,500 a year. The other is a la carte at $29.95 a trade; it won't include personal advice. Merrill's stockholders may end up better off than its brokers: the huge company's revenue stream is diversified enough...
...branch office to talk to someone in person, and the branch customers wanted the convenience of trading online." So Schwab gave the customers what they wanted, uniting the businesses and dropping the cost of all trades to the online price--$29.95. Schwab took a hit in the short run, the price cut shaving about $125 million off its revenues in 1998. But the move has since paid off: Schwab's total number of accounts rose from 3 million to 6.3 million, and it's now the No. 1 online brokerage...