Word: safe
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Dates: during 1980-1989
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Program trading may bring a safe return for its participants, but it creates distress for other, unsuspecting investors. As traders load or unload enormous amounts of stock, they can magnify the rise or fall of the market. Sharp volatility has occurred at the so-called triple witching hour (on the third Fridays of March, June, September and December), just before stock-index futures and two related types of financial instruments expire at the same time. That is the last point at which arbitragers can decide what to do with the stock they have accumulated, and their herdlike decisions have often...
Despite the high hopes raised among AIDS patients by the experimental drug AZT, the panel predicts that development of a safe, effective drug to halt or cure the disease or a vaccine that would prevent infection looks to be at least five years away. The time could be even longer, the panel said, if efforts are not stepped up greatly now. In France, however, some AIDS researchers appear more hopeful. Dr. Marc Girard of the Pasteur Institute in Paris announced last week that a vaccine developed there should be ready for human trials sometime next year. The vaccine was developed...
...reason: investors will no longer be allowed to use so-called passive losses from these shelters to reduce their tax obligations on income from salaries and stock dividends. Says Norman Barker, a tax partner with Gibson, Dunn & Crutcher, a Los Angeles-based law firm: "I think it is safe to say that investors who once were in real estate and other tax shelters will turn to stocks...
Gigli's eye, whatever it is checking out, is distinctly on target. If his label gives potential pronunciation difficulty (Row-may-o Gee-lee would be a reasonably safe try), the clothes, once worn, are instantly understandable. They indulge the body, bestowing a kind of inward elegance that the designer says "begins with how a woman today moves, how she expresses herself. Women today value their freedom; they do not want to feel compressed or crushed by what they wear." Like Ozbek, Gigli also studied architecture, but he works from individual pieces, not a grand design. The usual fashion practice...
...Sciences echoed that admonition last week, predicting that heterosexual transmissions of the disease will increase sevenfold by 1991. Says Margaret A. Fischl, director of the AIDS program at the University of Miami: "Anyone who is sexually active, visits prostitutes or has casual sex needs to be concerned. The only safe...